Question

A shopkeeper marked a price for an article is Rs.750. Find the selling price of the article if he sells on a profit of 20% after giving a discount of 30%.
1. Rs. 425
2. Rs. 625
3. Rs. 525
4. Rs. 655

Answer 1

Correct Answer - Option 3 : Rs. 525

GIVEN:

MP = Rs. 750, profit = 20% and discount = 30%

CONCEPT:
Basic concept of discount.

FORMULA USED:

SP = MP × (1 – discount/100)

CALCULATION:

Applying the formula:

SP = 750 × (1 – 30/100) = Rs. 525