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      Question

      The marked price of the washing machine is 60% above its

      cost price. The seller offers two successive discounts of 10% and 10%, respectively. If he makes a profit of Rs. 2960, find the price (in rupees) at which he sold the washing machine.
      A Rs. 13260 Correct Answer Incorrect Answer
      B Rs. 11540 Correct Answer Incorrect Answer
      C Rs. 12960 Correct Answer Incorrect Answer
      D Rs. 14400 Correct Answer Incorrect Answer

      Solution

      Let the cost price = Rs. x
      Marked price = 160% of x = Rs. 1.60x

      According to the question,
      1.60x Γ— 90% Γ— 90% - x = 2960
      1.60x Γ— 0.90 Γ— 0.90 - x = 2960
      1.296x - x = 2960
      0.296x = 2960 ⟹ x = 10000

      The required selling price = Rs. 10000 + 2960 = Rs. 12960

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