The marked price of a cooker is same at four shops I, II, III and IV. Shop I allows two successive discounts of 18% and 51%, shop II allows successive discounts of 59% and 89%, shop III allows successive discounts of 57% and 40% and shop IV allows successive discounts of 68%, 69% and 27% on the marked price of the cooker. Which shop is selling the cooker at the lowest price?
II
The fraction of the marked price remaining after successive discounts (product of (1-discount)) is: Shop I: 0.82x0.49=0.4018; Shop II: 0.41x0.11=0.0451; Shop III: 0.43x0.60=0.258; Shop IV: 0.32x0.31x0.73≈0.0724. Shop II has the smallest remaining fraction, i.e. the lowest selling price. Hence, the correct answer is II.
Similar Questions
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Important Questions from Successive Selling
By selling a watch at Rs. 840 a person loses 4%. Find the gain or loss if he sold it for Rs. 875?
Gaurav bought some articles at 5 for Rs. 6 and sold them at 10 for Rs. 11. His loss percentage is:
The increase in the price of a certain item was 25%. Then the price was decreased by 20% and then again increased by 10%. What is the resultant increase in the price?
- The selling price of 24 articles is equal to the cost price of 26 articles. If, due to a change in market conditions, the selling price of each article decreases by $10\%$ and the cost price of each article increases by $5\%$, what will be the new gain or loss percentage (correct to two decimal places)?
X sells goods to Y at a profit of 20 percent and Y sells the same goods to Z at a profit of 50 percent. If the cost price for Z is Rs 9000, then what is the cost of the goods for X?
