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The marked price of a pair of shoes is Rs. 1300. It is sold at a successive discount series of 30%, 20% and 10%. Due to the discount, the seller faces a loss of 20%. What is the cost price of pair of shoes (in Rs.)?1). 8002). 8103). 8194). 867 |
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Answer» Loss is 20%. We know, Selling Price = Cost Price × (1 – (Loss %)/100) ⇒ Selling price = T × (1 – 20/100) = 0.8T Also, In case of successive discounts, Selling Price = MARKED Price × (1 – Discount1/100) × (1 – Discount2/100) ……. ⇒ 0.8T = 1300 × (1 – 30/100) × (1 – 20/100) × (1 – 10/100) = 1300 × 0.7 × 0.8 × 0.9 = 655.2 ⇒ T = 655.2/0.8 = 819 ∴ Cost price of pair of shoes is Rs. 819. |
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