Question
Download Solution PDFA retailer marks up his goods by 30% and offers 15% discount. What will be the selling price (in Rs.) of an item sold by the retailer if its cost to the retailer is Rs. 1,000?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven :
Cost price to the retailer is 1000 rupees
He first increased price by 30% and then gives discount of 15%
Calculations :
Price after 30% increment = 1000 + 30% of 1000
⇒ 1000 + 300 = 1300 rupees
Now price he provides discount at this price so,
Price after 15% discount on increased price = 1300 - 15% of 1300
⇒ 1300 - 195
⇒ 1105 rupees
∴ final selling price will be 1105 rupees
Last updated on Jun 2, 2025
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