A dealer buys an article listed at Rs. 250 and gets successive discounts of 12% and 16%. He spends 10% of the cost price on transportation. At what price should he sell the article to earn a profit of 25%? (Correct to two places of decimal)
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs. 254.10.
CP + Transportation = 250 × (88/100) × (84/100) × (110/100) = 203.28
SP = 203.28 × (125/100) = 254.10