Multiple choice

An agent buys a TV listed at Rs. 22000 and gets 10% and 20% successive discounts. He spends 10% of his CP on transport. At what price (in rupees) should he sell the TV to earn a profit of 20%?

  1. Rs. 15840

  2. Rs. 16632

  3. Rs. 20908.80

  4. Rs. 20900.80

  5. Rs. 20000.80

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Net price after two discounts = 80% of 90% of Rs. 22000 = Rs. 15840 Net CP = (15840 + 10% of Rs. 15840) = Rs. 17424 Therefore, SP = 120% of Rs. 17424 = Rs. 20908.80