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Read the statements carefully and select...

Read the statements carefully and select the correct option.
Statement-I : If a trader offers two successive discounts of 13% and 8% on an almirah marked for Rs 20000, then its selling price is Rs 16008.
Statement-II : On selling a laptop for Rs 84000, the shopkeeper lost 20%. To gain 10%, he should have sold it for Rs 115500.

A

Statement-I is true but Statement-II is false.

B

Statement-I is false but Statement-II is true.

C

Both Statement-I and Statement-II are false.

D

Both Statement-I and Statement-II are true.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to analyze both statements one by one. ### Statement I: **If a trader offers two successive discounts of 13% and 8% on an almirah marked for Rs 20000, then its selling price is Rs 16008.** 1. **Calculate the total discount:** - The formula for calculating the total discount when two successive discounts are applied is: \[ \text{Total Discount} = x + y - \left(\frac{x \cdot y}{100}\right) \] - Here, \(x = 13\%\) and \(y = 8\%\). - Plugging in the values: \[ \text{Total Discount} = 13 + 8 - \left(\frac{13 \cdot 8}{100}\right) \] \[ = 21 - \left(\frac{104}{100}\right) \] \[ = 21 - 1.04 = 19.96\% \] 2. **Calculate the selling price:** - The selling price (SP) can be calculated using the formula: \[ \text{SP} = \text{Marked Price} - \text{Discount} \] - The marked price (MP) is Rs 20000. - The discount amount is: \[ \text{Discount Amount} = \frac{19.96}{100} \times 20000 = 3992 \] - Therefore, the selling price is: \[ \text{SP} = 20000 - 3992 = 16008 \] **Conclusion for Statement I:** The selling price is indeed Rs 16008. Therefore, Statement I is **True**. --- ### Statement II: **On selling a laptop for Rs 84000, the shopkeeper lost 20%. To gain 10%, he should have sold it for Rs 115500.** 1. **Calculate the cost price (CP) of the laptop:** - If the selling price (SP) is Rs 84000 and there is a loss of 20%, then: \[ \text{SP} = \text{CP} \times \left(1 - \frac{20}{100}\right) \] - This means: \[ 84000 = \text{CP} \times 0.8 \] - Rearranging gives: \[ \text{CP} = \frac{84000}{0.8} = 105000 \] 2. **Calculate the selling price for a gain of 10%:** - To find the selling price for a gain of 10%, we use: \[ \text{SP} = \text{CP} \times \left(1 + \frac{10}{100}\right) \] - Plugging in the cost price: \[ \text{SP} = 105000 \times 1.1 = 115500 \] **Conclusion for Statement II:** The selling price to gain 10% is indeed Rs 115500. Therefore, Statement II is **True**. --- ### Final Conclusion: Both statements are true. The correct option is that both Statement I and Statement II are correct. ---
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