Question

    A trader sets the price of an item 25% higher than its

    cost price. He then offers two successive discounts of 20% and 10%, and finally sells it for Rs. 432. What was the original cost price?
    A Rs.500 Correct Answer Incorrect Answer
    B Rs.480 Correct Answer Incorrect Answer
    C Rs.400 Correct Answer Incorrect Answer
    D Rs.665 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price be Rs. x Marked price = 1.25x Selling price = 1.25x × 0.8 × 0.9 = 0.9x Given, 0.9x = 432 x = Rs. 480

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