Find the selling price of an article if

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Find the selling price of an article if a shopkeeper allows two successive discounts of 5% each on the marked price of ₹80.

Options:

₹76.60

₹72

₹72.20

₹74.40

Correct Answer:

₹72.20

Explanation:

Marked price of the article = 80

Discount = 5% (Two times)

Selling price = 80 × $\frac{19}{20}$ × $\frac{19}{20}$ = ₹72.20