Question
A shopkeeper gave two successive discounts on an item after
the item was marked up 75%. After selling the item at Rs.756 profit percent earned is 18.125%. Which of the following correctly shows the successive discount percentages given on the item?Solution
SP of item = Rs.756
CP of item = 756 * (100/118.125) = Rs.640
MP of item = 175% of 640 = Rs.1120
From option (1):
SP of item = 85% of 80% of 1120 = Rs.761.6
From option (2):
SP of item = 90% of 75% of 1120 = Rs.756
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