A shopkeeper marks up price of LED 60% above its cost price and gives three…
2020
A shopkeeper marks up price of LED 60% above its cost price and gives three successive discounts of 12½%, d% and 25%. If shopkeeper made a loss 16% on LED. Find the second discount allowed by shop?
Answer: B. 20% — Taking cost price as 100, marked price = 160 and loss-price selling price = 84. After 12.5% and 25% discounts, 160 x 0.875 x (1-d) x 0.75 = 84, so d = 20%.
- A.
15%
- B.
20%
- C.
25%
- D.
16 ⅔%
- E.
17.5%
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Correct answer: B
Taking cost price as 100, marked price = 160 and loss-price selling price = 84. After 12.5% and 25% discounts, 160 x 0.875 x (1-d) x 0.75 = 84, so d = 20%.
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