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A dealer buys an article listed at Rs. 100 and gets successive discounts of 10% and 20%. He spends 10% of the cost price on transportation. At what price should he sell the article to earn a profit of 15%?
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- ₹ 90.80
- ₹ 92.00
- ₹ 91.08
- ₹ 91.20
Correct Option: C
| Single equivalent discount = |  | 10 + 20 − |  | % | |
| 100 |
= (30 – 2)% = 28%
∴ C.P. of article = 100 – 28 = Rs. 72
| Actual cost price of article = | = Rs. 79.2 | |
| 100 |
∴ For a profit of 15%,
| Required S.P. = | = Rs. 91.08 | |
| 100 |
