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    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?
    A Rs. 900 Correct Answer Incorrect Answer
    B Rs. 500 Correct Answer Incorrect Answer
    C Rs. 875 Correct Answer Incorrect Answer
    D Rs. 715 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Effective cost price of the furniture = 850 + 450 = Rs. 1300

    Marked price of the furniture = 1.4 × 1300 = Rs. 1820

    Selling price of the furniture = 0.85 × 1300 = Rs. 1105

    Therefore, discount offered = 1820 – 1105 = Rs. 715

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