The ratio of the cost price to the marked price of a table is 3 : 4. The shopkeeper gives two equal successive discounts of 25% on the marked price and sells the table for Rs.2,250. Find the loss during this transaction.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs.750.
The ratio of the C.P. to the M.P. of a table = 3 : 4 = 3x : 4x
The shopkeeper gives two equal successive discounts of 25% on the marked price
After the first discount of 25% = 75% of M.P. = 75% of 4x = 3x
After the second discount of 25% = 75% of 3x = 2.25x
⇒ 2.25x = 2250
⇒ x = 1000
Now,
C.P. = 3x = Rs.3000
Loss = C.P. - S.P. = 3000 - 2250 = Rs.750