A dealer buys an article listed at ₹3,000 and gets successive discounts of 15% and 15%. He spends ₹250 on transportation and sells it at a profit of 20%. Find the selling price of the article.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹2901
Calculations:
Cost price of the article at which the buys after 2 successive discounts = 3000 × 85% × 85% = 2167.5
Total cost price after spending Rs 250 on transportation = 2167.5 + 250 = 2417.5
Selling price after a profit of 20% = 2417.5 × 120% = Rs 2901