Question

A firm allows 20% discount on
list price and a further 5%
discount for cash payment.
what is the net selling price of
an article which is marked at
Rs.240.​

Answer 1

Step-by-step explanation:

seller wants to gain 360rs which is 20% of the price that he bought the item or batch.

20% →→ 360

100% →→ ?

so actual cost of the item =360×10020=360×10020

=1800=1800

cost of the item to gain 20% = 1800+360 = 2160

Marked Price is the price you see on the Tag. so when the seller gives 25% discount on MP, after discount it should be 2160, which is 75% of MP

75% of MP = 2160

3434 MP = 2160

MP = 2160×43×43

MP = RS 2880