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Issued at a Discount and Redeemed at Par

An article is...

Question

An article is marked at Rs 7000. Two successive discounts of 10% and 5% are given by the shopkeeper. How much does a customer pay?

Rs 5,000

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Rs 6,000

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Rs 6,985

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Rs 5,985

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Solution

The correct option is D
Rs 5,985

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An article is marked for sale at ₹275. The shopkeeper allows a discount of 5% on the Marked Price. His net profit is 4.5%.

How much did the shopkeeper pay for the article?

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