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%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 91.08.
Marked price of the article = Rs 100
Cost price of the article after two successive discount = 100 × (90/100) × (80/100) = Rs 72
Cost price after transportation = 110% of 72 = Rs 79.2
Selling price after 15% profit = 115% of 79.2 = Rs 91.08