Multiple choice

A defective briefcase costing Rs 800 is being sold at a loss of 8%. If the price is further reduced by 5%, then its selling price is

  1. Rs 850

  2. Rs 800

  3. Rs 750

  4. Rs 699.20
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Initial cost = 800. After 8% loss, price = 800 * 0.92 = 736. After a further 5% reduction, price = 736 * 0.95 = 699.20.

AI explanation

The initial selling price is calculated by subtracting the 8 percent loss from the 800 cost price, resulting in 800 minus 64, which equals 736. When this price is further reduced by 5 percent, the additional discount is 5 percent of 736, equaling 36.80. Subtracting this second discount from 736 gives the final selling price of Rs 699.20.

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