Question

16. The price of article is raised by 30% and then two successive discounts of 10% each are love
allowed .Ultimately the price of the article is
(1) Increased by 10%
increased by 5.3% (3) decreases by 3 %
(4) decreased by 5.3% ! (5) None of these​

Answer 1

Answer:

increased by 5.3%

Step-by-step explanation:

Let the cost price be 100.

Raised by 30%

Then, new price=100+30%×100

New Price=130

Successive discounts=10% each

after discount 1,

The price would be=130-10%×130=117

after discount 2,

The final price will be=117-10%×117=105.3

Profit=105.3-100=5.3

%profit=5.3×100/100=5.3%