Question

A shopkeeper buys a table listed at Rs. 2,500 and gets successive discounts of $20\%$ and $10\%$. He spends Rs.60 on transportation and sells it at a profit of $20\%$. Find selling price of the table.

• A. Rs.1146
• B. Rs.2736
• C. Rs.2232
• D. Rs.1543

Answer 1

The correct option is C

Rs.2232

On 20$\%$ discount, the new price will be0.8 $\times$ original price (this is our new price)

On 10$\%$ successive discount, price will be 0.9 $\times$ New price=0.9 $\times$ 0.8 $\times$ original price

Finally shopkeeper had to pay: 0.72 $\times$ original price.

Then he invested Rs.60 on transport, so his total investment (cost price) is

(0.72 $\times$ original price) + Rs.60

Ultimately he sold It @$20\%$ profit.

$20\%$ profit means $100\%$+$20\%$=$120\%$

=1.2 times the investment (cost price).

=1.2 times [(0.72 $\times$ original price) + Rs.60]

=1.2 times [(0.72 $\times$ 2500) + Rs.60]

=1.2 [1800+60] =1.2 [1860]

=Rs.2232