Discount Ques 14
Question
A dealer marked the price of an item 40% above the cost price. Once he gave successive discounts of 20% and 25% to a particular customer. As a result, he incurred a loss of Rs. 448. At what price did he sell the item to the mentioned customer?
(1) Rs. 2416
(2) Rs. 2352
(3) Rs. 2268
(4) Rs. 2152
(5) Rs. 2578
(IBPS Bank PO/MT CWE-VII (Prelim Exam) 15.10.2017)
Show Answer
Answer: (2)
Solution: (2)
Let the cost price of the item be 100.
$ \begin{aligned} & 100\xrightarrow{40\%\uparrow }140\xrightarrow{20\%,\downarrow }112\xrightarrow{25\%\downarrow }84 \\ & \begin{matrix} CP & MP & ,SP \\ \end{matrix} \\ \end{aligned} $
$ \therefore $ Loss = 16% and Loss = Rs. 448
$ \therefore $ $ CP=\frac{448\times 100}{16}=Rs.2800 $
$ \therefore $ $ SP=\frac{2800\times 84}{100}=Rs.2352 $
BETA
