Question
A second-hand item was bought at Rs. 650 and had repairs
costing Rs. 550. The seller increased the price by 35% but finally sold it at a 30% loss. Calculate the discount allowed.Solution
ATQ,
Effective cost price of the item = 650 + 550 = Rs. 1200
Marked price of the item = 1.35 Ă— 1200 = Rs. 1620
Selling price of the item = 0.7 Ă— 1200 = Rs. 840
Therefore, discount offered = 1620 – 840 = Rs. 780
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