Question : An item is sold at two successive gains of 30% and 20%. If the final selling price is Rs. 31,200, of the item what is the cost price (in Rs.) of the item?
Option 1: 15000
Option 2: 20000
Option 3: 22250
Option 4: 24000
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Correct Answer: 20000
Solution : Let $x$ be the cost price. When profit = 30%, Selling price = $x$ + 30% of $x$ = 130% of $x$ When profit = 20%, Final selling price = 130% of $x$ + 20% of 130% of $x$ = 130% of $x$ + 26% of $x$ = 156% of $x$ Final selling price = Rs. 31,200 156% of $x$ = 31,200 $\therefore x$ = $\frac{3120000}{156}$ = Rs. 20,000 Hence, the correct answer is 20,000.
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Question : Successive discounts of 20% and 10% are given on an item marked at Rs. 700. Find the selling price.
Option 1: Rs. 504
Option 2: Rs. 196
Option 3: Rs. 582
Option 4: Rs. 601
Question : An item costing Rs. 200 is being sold at a 10% loss. If the price is further reduced by 5%, the selling price will be:
Option 1: Rs. 170
Option 2: Rs. 171
Option 3: Rs. 175
Option 4: Rs. 179
Question : The list price of an article is Rs. 900. It is available at two discounts of 20% and 10%. The selling price of the article is:
Option 1: Rs. 640
Option 2: Rs. 648
Option 3: Rs. 540
Option 4: Rs. 548
Question : The list price (marked price) of an article is Rs. 900 and it's available at two successive discounts of 20% and 10%. The selling price of the article, in rupees, is:
Option 1: 640
Option 2: 648
Option 3: 720
Option 4: 738
Question : A shopkeeper gives two successive discounts of 7% each on the marked price of Rs. 20,000 of an article. The selling price of the article is:
Option 1: Rs. 12,978
Option 2: Rs. 19,278
Option 3: Rs. 18,927
Option 4: Rs. 17,298
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