Profit and Loss Practice Test 1

Question : 11 of 40

Marks: +1, -0

A sofa set listed at Rs 800 is sold to a retailer at successive discounts of 25% and 15% by the wholesaler. Then the cost price of the sofa set for the retailer is:

Rs 500
Rs 510
Rs 550
Rs 560

Validate

Solution:

Successive discounts = 25% and 15%
Single discount

=x+y-{xy}/100

=25+15-{25×15}/100

= 40 - 3.75 = 36.25 %
SP = Rs 800

CP = SP - 800×36.25/100

=800-290=510

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