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A dealer buys a table listed at Rs. 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transportation and sells it at a profit of 20%. Find the selling price of the table.
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- Rs. 1,420
- Rs. 1,300
- Rs. 1,320
- Rs. 1,380
Correct Option: C
Single equivalent discount for 20% and 10%
= | 20 + 10 − | % = 28% | |||
100 |
∴ C.P. = (100 – 28)% of 1500
∴ C.P = | = Rs. 1080 | |
100 |
Actual C.P. = Rs. (1080 + 20) = Rs. 1100
∴ S.P. on 20% profit = | = Rs. 1320 | |
100 |