Practicing Success
A dealer buys an article listed at ₹3,000 and gets successive discounts of 15% and 15%. He spends ₹250 on transportation and sells it at a profit of 20%. Find the selling price of the article. |
₹3,300 ₹2,901 ₹3,250 ₹3,200 |
₹2,901 |
Marked price = ₹3,000 Discount 15% = \(\frac{3}{20}\) Cost price for the dealer = ₹3,000 × \(\frac{17}{20}\) × \(\frac{17}{20}\) + 250 = 2417.5 Selling price for the dealer at 20% profit = 2417.5 × \(\frac{6}{5}\) = ₹2,901 |