Multiple choice

Keerthy marked the price of an article 28% above the cost price and allowed two successive discounts of 15% and 20% respectively to Komal . As a result , she incurred a loss of Rs. 1296. At what price did she sell the article to Komal?

  1. 8704

  2. 8407

  3. 7408

  4. 4870

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP = x. MP = x + 0.28x = 1.28x. After 15% discount: 1.28x × 0.85 = 1.088x. After 20% discount: 1.088x × 0.80 = 0.8704x. Loss = CP - SP = x - 0.8704x = 0.1296x. Given loss = Rs. 1296, so 0.1296x = 1296, meaning x = 1296/0.1296 = 10000. SP = 0.8704 × 10000 = 8704. This matches option A.

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