Ram bought an article for Rs. 6800 and spent Rs. 700 on its repairs. He marked this article at 8% above the overall cost price. He sold the article for Rs. 6196.50 after giving two sucessive discounts of 10% and x%. Find the value of x.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 15
Given:
Ram bought an article for Rs. 6800
Money spent on repairs = Rs 700
Formula used:
Discount = Marked price - Selling price
Discount % = (Discount/Marked price) × 100
Calculations:
Total cost price of the article = 6800 + 700 = Rs 7500
Marked price = 108% of 7800
⇒ Rs 8100
According to the question;
After 1st discount of 10%, SP = 8100 - 8100 × 10%
⇒ 8100 - 810 = Rs 7290
Second discount = 7290 - 6196.5 = 1093.5
Required discount percentage = (1093.5/7290) × 100 = 15%