A seller marked his article 80% above the cost price and sold it after offering two successive discounts of 60% and 25% respectively. In the whole transaction the seller lost Rs. 736. Find the selling price of the article.
Let the cost price of the article be Rs. x Therefore, marked price of the article = Rs. 1.80x Selling price of the article = 0.4 × 0.75 × 1.80x = Rs. 0.54x According to the question, (x – 0.54x) = 736 Or, 0.46x = 736 Or, x = 1600 Therefore, selling price of the article = 1600 – 736 = Rs. 864
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