Profit and Loss Practice Test 3

Question : 40 of 40

Marks: +1, -0

The printed price of a book is Rs 320. A retailer pays Rs 244.80 for it. He gets successive discounts of 10% and another rate. His second rate is:

Solution:

\table \MP ,\CP ,\Discount;320, 244.80, 75.2

Discount per cent

={\Discount}/{\Marked \price}×100

=75.2/320×100=23.5%

Successive discount

=10+x-10/100x=23.5

x-10/100x=13.5

90/100x=13.5

x=15%

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