Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
1.5k views
in Aptitude by (115k points)
An article is sold for Rs.799.50 after allowing two successive discounts of 18% and 22% on its marked price. The cost price of the article is Rs.1,000. If it is sold at the marked price, then the gain is:
1. Rs.250
2. Rs.240
3. Rs.300
4. Rs.220

1 Answer

0 votes
by (114k points)
selected by
 
Best answer
Correct Answer - Option 1 : Rs.250

Given:

SP of the article = Rs. 799.50

Successive discount rates = 18% and 22%

CP of the article = Rs. 1,000

Formula used:

Successive discount = x + y - (xy/100)

Calculation:

Let the MP of the article = a

Net effective discount rate = 18 + 22 - [(18 × 22)/100]

= 36.04%

∴ SP of the article ater discount = a - (a × 36.04/100)

= (100a - 36.04a)/100

= 63.96a/100

∵ SP of the article = Rs. 799.50

∴ 63.96a/100 = 799.50

⇒ a = (799.5 × 100)/63.96

⇒ a = 1250

∴ MP of the article = Rs. 1,250

∴ Profit if article sold at MP = MP - Cp

= 1250 - 1000

= Rs. 250

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...