Question
A vendor bought a pair of sneakers and marked it up by 60% over its cost. He offered two consecutive discounts of 10% and 15% and finally sold it for Rs. 1224. What is the cost price of a backpack which costs 25% more than the sneakers?
Solution
ATQ,
Let cost price of the sneakers be Rs. 100x Marked price of the sneakers = 1.6 × 100x = Rs. 160x Selling price of the sneakers = 0.90 × 0.85 × 160x = Rs. 122.4x ATQ, 122.4x = 1224 x = 10 Cost price of backpack = 1.25 × 100x = 125x = 125 × 10 = Rs. 1250
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