Multiple choice

An item costing Rs. $ 840$ was sold by a shopkeeper at a gain of $10 \%$ and it was again sold by the new buyer at a loss of $5 \%$.The final selling price of the item is:

  1. Rs. $ 877.80$
  2. Rs. $798$
  3. Rs. $  924$
  4. Rs. $ 37.80$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Initial cost = 840. After 10% gain, price = 840 * 1.10 = 924. After 5% loss on 924, price = 924 * 0.95 = 877.80.

AI explanation

The first selling price is calculated by adding a 10% profit to the cost price, which is 840 * 1.10 = Rs 924. The new buyer then sells this item at a 5% loss, applying the formula Final Selling Price = 924 * (1 - 0.05). The final selling price becomes 924 * 0.95 = Rs 877.80.

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