An article listed at 800 Rs. is sold at successive discounts of 25% and 15%. The buyer desires to sell it off at a profit of 20% after allowing a 10% discount. What would be his list price?
An article listed at 800 Rs. is sold at successive discounts of 25% and 15%. The buyer desires to sell it off at a profit of 20% after allowing a 10% discount. What would be his list price?
[A]600 Rs.
[B]620 Rs.
[C]640 Rs.
[D]680 Rs.
680 Rs.
Effective discount
∴ CP = (100 – 36.25)% of 800
∴ To gain 20%,
Let the list price be x Rs.
∴ 90% of x = 612 Rs.
Hence option [D] is correct answer.
