Question

A defective briefcase costing ₹800 is being sold at a loss of $8\%$. If the price is further reduced by $5\%$, find its selling price.

• A. ₹899.60
• B. ₹720.40
• C. ₹699.20
• D. ₹640. 80

Answer 1

The correct option is C

₹699.20

S.P of briefcase at a loss of $8\%=\frac{100-8}{100}\times 800$
$=\frac{92}{100}\times 800=₹736$

S.P after further reduction by $5\%=\frac{100-5}{100}\times 736=₹699.20$

$\therefore$, selling price of the briefcase is ₹699.20.