A dealer marked the price of an item 40% above the cost price. He allowed two successive discounts of 20% and 25% to a particular customer. As a result he incurred a loss of Rs. 448. At what price did he sell the item to the said customer?
A. Rs. 2416
B. Rs. 2352
C. Rs. 2268
D. Rs. 2152
Answer: Option B
Solution(By Examveda Team)
Let the cost price be Rs. 100Then, CP = 100 means MP = 140
20% discount = 112 25% discount (SP = Rs. 84)
If Rs. 16 loss, cost price Rs. 100
If Rs. 448 loss, cost price = $$\frac{{100}}{{16}} \times 448$$
= 28 x 100 = Rs. 2800
Selling Price = $$\frac{{2800 \times 84}}{{100}}$$ = Rs. 2352
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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