Question
A piece of furniture is marked 60% above its cost price
and is sold for Rs. 1,512 after giving two successive discounts of 15% and 10%, respectively. Determine the difference between the marked price and the cost price of the furniture.Solution
ATQ Marked price of the furniture = {1512 / (0.85 × 0.90)} = Rs. 1,960 Cost price of the furniture = (1960 / 1.60) = Rs. 1,225 Required difference = 1960 – 1225 = Rs. 735
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