Question

The List Price of an item was kept 40% above what the shopkeeper had paid to the manufacturer. On selling
the item a profit of 8.64% was earned after allowing two successive discounts, the first one of which was
20%. What was the percentage rate of the second discount?
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O 3.25

Answer 1

Answer:

Selling Price = 14,400

Let the M.P. be 100.

First discount =10% =

100

10

×100= 10

S.P. after the first discount =100−10= 90

Second discount =20% =

100

20

×90= 18

Selling Price after the second discount =90−18= 72

If S.P. is 72, then M.P. is 100.

When S.P. is 14,400,

M.P. =

72

14400×100

= 20,000

M.P. = 20,000.

Explained :

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