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

    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?
    A 30% and 5% Correct Answer Incorrect Answer
    B 20% and 15% Correct Answer Incorrect Answer
    C 30% and 10% Correct Answer Incorrect Answer
    D 15% and 25% Correct Answer Incorrect Answer
    E 25% and 10% Correct Answer Incorrect Answer

    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

    Practice Next

    Relevant for Exams: