Question

    A trader marked a jacket at Rs. 1000 and gave two

    back-to-back discounts of 20% and 10%. Even after this, he gained Rs. 60 on the transaction. What was his cost price?
    A Rs.600 Correct Answer Incorrect Answer
    B Rs.792 Correct Answer Incorrect Answer
    C Rs.660 Correct Answer Incorrect Answer
    D Rs.575 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Selling price = 1000 × 0.8 × 0.9 = Rs. 720

    Cost price = 720 – 60 = Rs. 660

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