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A dealer buys a table listed at Rs. 1,50...

A dealer buys a table listed at Rs. 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transporta tion and sells it at a profit of 20%. Find the selling price of the table.

A

Rs. 1,420

B

Rs 1,300

C

Rs, 1,320

D

Rs. 1,380

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the effective price of the table after applying the successive discounts, adding the transportation cost, and then calculating the selling price based on the desired profit margin. ### Step 1: Calculate the first discount The listed price of the table is Rs. 1500. The first discount is 20%. First discount amount = 20% of Rs. 1500 = (20/100) × 1500 = Rs. 300 ### Step 2: Calculate the price after the first discount Price after the first discount = Listed Price - First Discount = 1500 - 300 = Rs. 1200 ### Step 3: Calculate the second discount The second discount is 10% on the new price (after the first discount). Second discount amount = 10% of Rs. 1200 = (10/100) × 1200 = Rs. 120 ### Step 4: Calculate the price after the second discount Price after the second discount = Price after first discount - Second Discount = 1200 - 120 = Rs. 1080 ### Step 5: Add the transportation cost The dealer spends Rs. 20 on transportation. Total cost price = Price after second discount + Transportation cost = 1080 + 20 = Rs. 1100 ### Step 6: Calculate the selling price with profit The dealer wants to sell the table at a profit of 20%. Selling Price = Total Cost Price + Profit Profit = 20% of Total Cost Price = (20/100) × 1100 = Rs. 220 Selling Price = Total Cost Price + Profit = 1100 + 220 = Rs. 1320 ### Final Answer The selling price of the table is Rs. 1320. ---
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