A dealer marked the price of an item 40% above the cost price. He allowed two successive discounts of…
The selling price is ₹ 2,352. If the cost price is \(C\), the selling price is \(1.40C\times0.80\times0.75\) \(=0.84C\). The loss is therefore \(0.16C=448\), giving…
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A dealer marked the price of an item 40% above the cost price. He allowed two successive discounts of 20% and 25% to a particular customer. As a result he incurred a loss of ₹ 448. At what price did he sell the item to the said customer ?
Answer and explanation
Correct answer A
The selling price is ₹ 2,352. If the cost price is , the selling price is . The loss is therefore , giving and a selling price of .
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