Question
A furniture set was purchased for Rs. 850 and fixed with an
additional Rs. 450. It was then tagged 40% above the cost but later sold at a 15% loss. What is the value of the discount?Solution
ATQ,
Effective cost price of the furniture = 850 + 450 = Rs. 1300
Marked price of the furniture = 1.4 Γ 1300 = Rs. 1820
Selling price of the furniture = 0.85 Γ 1300 = Rs. 1105
Therefore, discount offered = 1820 β 1105 = Rs. 715
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