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    Question

    A shopkeeper marked an article x% above the cost price

    and sold it after two consecutive discounts of 20% and 25%. Find the value of ‘x’, if in this transaction he had a loss of 7%.
    A 75% Correct Answer Incorrect Answer
    B 45% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 55% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the article be Rs. 100 Marked price of the article = 100 × {(100 + x)/100} = Rs. (100 + x) Selling price of the article = (100 + x) × 0.80 × 0.75 = (100 × 0.93) => 0.6(100 + x) = 93 => 60 + 0.6x = 93 => 0.6x = 33 => x = 55 So, the value of ‘x’ = 55%

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