New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A shopkeeper purchased an item for Rs. ‘p’. He added

    Rs. 3,200 to the cost price to determine the marked price. He then applied two successive discounts of 10% and 20% on the marked price before selling the item. If he earned a profit of Rs. 512 from this sale, what was the final selling price of the item.
    A 6912 Correct Answer Incorrect Answer
    B 5250 Correct Answer Incorrect Answer
    C 7750 Correct Answer Incorrect Answer
    D 9850 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked price of the article = Rs. (x + 3200)

    Selling price of the article = 0.90 × 0.80 × (x + 3200) = x + 512

    0.72x + 2304 = x + 512

    0.28x = 1792

    x = 6400

    So, the selling price of the article = 6400 + 512 = Rs. 6,912

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