Two stories A and B mark the price of an item identically. A allows 3 successive discounts of 10% each. B allows 10% discount on the list price and a subsequent discount of 19%. Under the circumstances, which of the following is true?
A. The price of the article is cheaper at A
B. The price of the article is cheaper at B
C. The price of the article is same at A and B
D. The price cannot be determined
Answer: Option C
Solution(By Examveda Team)
Let the M.P. of the item at each of the stories A and B be Rs. 100.Final price at A = 90% of 90% of 90% of Rs. 100
$$\eqalign{ & = {\text{Rs}}.\left( {\frac{{90}}{{100}} \times \frac{{90}}{{100}} \times \frac{{90}}{{100}} \times 100} \right) \cr & = {\text{Rs}}{\text{. }}72.90 \cr} $$
Final price at B = 81% of 90% of Rs. 100
$$\eqalign{ & = {\text{Rs}}.\left( {\frac{{81}}{{100}} \times \frac{{90}}{{100}} \times 100} \right) \cr & = {\text{Rs}}{\text{. }}72.90 \cr} $$
Hence, the price of the article is same at A and B
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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