A shopkeeper decides to sell a certain item at a certain price. He tags the price on the item by increasing the decided price by 45% While selling the item, he offers 40% discount . Find how many more or less he gets on the decided price?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹ 13 less
Let's assume the price of the article = Rs 100
Marked price = 100 × (100 + 45)/100 = 145
After 40% discount SP = 145 × (100 - 40)/100 = 87
Decided price = 100 - 87 = 13 less