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    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.
    A Rs.500 Correct Answer Incorrect Answer
    B Rs.600 Correct Answer Incorrect Answer
    C Rs.735 Correct Answer Incorrect Answer
    D Rs.650 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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