Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper offers successive discounts of 35%, 10% and 6%on every item. At what price (nearest to a rupee) customers can get an item marked for ₹1,000?

Options:

₹562

₹550

₹450

₹645

Correct Answer:

₹550

Explanation:

Successive discounts = 35%, 10% and 6%

Marked price = 1000

Selling price = 1000 × \(\frac{65}{100}\)  × \(\frac{90}{100}\)  × \(\frac{94}{100}\)  = 549.9 = 550