Exams › SSC CGL (Prelims) › General
A retailer marked a product 40% above its cost price. She then offered two successive discounts of 12% and 15% to a buyer. If she made a profit of ₹50, at what price did she sell the product?
- ₹ 850
- ₹ 1109
- ₹ 950
- ₹ 1020
Correct answer: ₹ 1109
Solution
Marked price = 140% of cost price. After successive discounts of 12% and 15%, the selling price becomes 140% × 88% × 85% = 104.72% of cost price. Since profit is ₹50, the selling price is the cost price plus ₹50, which matches ₹1109 among the options.
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