Multiple choice

A retailer marks up his goods by 150% and offers 40% discount. What will be the selling price (in Rs.) if the cost price is Rs. 800?

  1. 1,200

  2. 1,500

  3. 1,000

  4. 2,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost Price = 800. Marked Price = 800 + 150% of 800 = 800 + 1200 = 2000. Discount = 40% of 2000 = 800. Selling Price = 2000 - 800 = 1200.

AI explanation

The marked price is determined by the markup formula MP = CP times (100 + markup percent) divided by 100, which gives 800 times 2.50, equaling Rs. 2,000. The selling price is then calculated using the discount formula SP = MP times (100 minus discount percent) divided by 100, resulting in 2000 times 0.60. Therefore, the selling price is Rs. 1,200.

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