Question : A retailer marks up his goods by 150% and offers a 40% discount. What will be the selling price (in Rs.), if the cost price is Rs. 800?
Option 1: 1200
Option 2: 1500
Option 3: 1000
Option 4: 2000
Correct Answer: 1200
Solution :
Cost price = Rs. 800
Marked price = cost price + 150% of cost price = Rs. 800 + Rs. 1200 = Rs. 2000
Discount = 40% of marked price = 40% of 2000 = Rs. 800
$\therefore$ Selling price = Marked price – discount = Rs. 2000 – Rs. 800 = Rs. 1200
Hence, the correct answer is 1200.
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