Question

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

• A. Rs 850
• B. Rs 800
• C. Rs 750
• D. Rs 699.20

Answer 1

The correct option is D Rs 699.20

The cost price of defective briefcase $=Rs.800$

It is sold at a loss of 8%

We know that,

Selling Price$=C.P.-(\frac{LossPercent}{100}$ $\times C.P.)$

Therefore, selling price will be $=(800-\frac{8}{100}\times 800)$

$=(800-64)$

$=Rs736$

Since price is further reduced by 5% then the selling price will be:

$=(736-\frac{5}{100}\times 736)$

$=(736-36.8)$

$=Rs699.20$

Therefore, the selling price will be $Rs699.20$

Option D is correct.