Question

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

Answer 1

$$\begin{gathered} \mathrm{C}.\mathrm{P}\mathrm{of}\mathrm{the}\mathrm{briefcase}=\mathrm{Rs}.800 \\ \mathrm{Loss}=8\% \\ \mathrm{S}.\mathrm{P}=\mathrm{CP}\left(\frac{100-\mathrm{loss}\%}{100}\right) \\ =800\left(\frac{100-8}{100}\right) \\ =800\times 0.92=\mathrm{Rs}.736 \\ Ifthep\mathrm{rice}\mathrm{is}\mathrm{further}\mathrm{reduced}\mathrm{by}5\%,thes\mathrm{elling}\mathrm{price}\mathrm{of}the\mathrm{briefcase}willbe \\ =\mathrm{Rs}.\left(736-736\times \frac{5}{100}\right) \\ =736\left(\frac{100-5}{100}\right) \\ =736\times 0.95 \\ =\mathrm{Rs}.699.20 \\ \mathrm{Thus},\mathrm{the}\mathrm{selling}\mathrm{price}\mathrm{of}the\mathrm{briefcase}willbe\mathrm{Rs}699.20. \end{gathered}$$