ABC26GN2804 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2003 · Marks: · Difficulty:

Find the selling price of an article if a shopkeeper allows two successive discounts of 5\% each on the marked price of ₹ 80.

(a)₹ 70.10

(b)₹ 70.20

(c)₹ 72

(d)₹ 72.20

Answer

Answer (as printed): D

Explanation

S.P. $=95 \%$ of $95 \%$ of $₹ 80=₹\left(\frac{95}{100} \times \frac{95}{100} \times 80\right)=₹ 72.20$.

Explanation as extracted from the printed page; notation may be imperfect.