Question

A defective briefcase costing Rs 800 is being sold at a loss of 8%. If the price is further reduced by 5%, find its selling price.

Answer 1

Cost price of briefcase = Rs. 800

loss% = 8%

selling price of box = 800 - 800 x \(\frac{8}{100}\) = 800 - 64 = Rs. 736

it is further reduced by 5% ( Given)

New selling price = 736 - 736 x \(\frac{5}{100}\) = Rs. 699.20