Question

A defective briefcase costing $Rs800$ is being sold at a loss of $8\%$. If the price is further reduced by $5\%$, find its selling price.

Answer 1

Given: C.P. of defective briefcase $=Rs800$
and loss $=8\%$.

$S.P.=C.P\times (1-\frac{\text{loss}\%}{100})$

$=Rs800\times (1-\frac{8}{100})$

$=Rs800\times \frac{92}{100}$

$=Rs736$

$\text{Given that price is further reduced by 5\%.}$

Reduced price $=Rs736\times (1-\frac{5}{100})$

$=Rs736\times \frac{95}{100}$

$=Rs699.20$

$\text{Hence, the selling price of the briefcase is Rs 699.20}.$