Multiple choice

Charlie is a shopkeeper but is weak in Mathematics. He knows that the marked price of bread is 60% more than the cost price. Also, he earned a profit when he sold the bread at 20% discount. He was excited so he doubled the discount. Find the new selling price.

  1. Rs. 120

  2. Rs. 96

  3. Rs. 105

  4. Rs. 140

  5. Rs. 150
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = 100. MP = 160. Initial discount 20% of 160 = 32. New discount = 2 * 32 = 64. New SP = 160 - 64 = 96.

AI explanation

Assume the cost price of the bread is Rs 100. Since the marked price is 60% more than the cost price, the marked price is Rs 160. The initial discount is 20%, and doubling it results in a new discount of 40%. Applying this 40% discount to the marked price gives a new selling price of 160 - (160 * 0.40) = Rs 96.

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