Question
An item is sold with two successive discounts of 15% and
20%. Had it been sold for Rs. 204 more, the seller would have made a profit of 6.25%. Given that the cost price of the item is Rs. 960, determine its marked price.Solution
ATQ,
Let the MRP of the item be Rs. ‘p’. SP of the item after two successive discounts = 0.85 × 0.80p = Rs. 0.68p ATQ, (0.68p + 204)/1.0625 = 960 0.68p = 1020 – 204 Or, p = 816/0.68 = Rs. 1200
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Oral admissions as to the contents of a document are
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