Multiple choice

A retailer marks up his goods by 30% and offers 15% discount. What will be the selling price (in Rs.) of an item sold by the retailer if its cost to the retailer is Rs. 1000?

  1. 1050

  2. 1105

  3. 805

  4. 1225
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Marked Price = 1000 * 1.30 = 1300. Selling Price = 1300 * (1 - 0.15) = 1300 * 0.85 = 1105.

AI explanation

Apply the markup formula to find the marked price by calculating 1000 plus 30% of 1000, resulting in Rs. 1300. Then apply the discount formula by subtracting 15% of 1300 (which is 195) from 1300 to get the final selling price. The selling price is Rs. 1105.

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