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Q.

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

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a

Rs.657.97

b

Rs.689.7

c

Rs.723.6

d

Rs.699.20 

answer is D.

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Detailed Solution

Given,
Cost price (CP) of the briefcase = Rs.800,
Loss = 8%.
The selling price (SP) is,
SP=CP 100loss% 100 Rs.800 1008 100 Rs.736  
 If the price is further reduced by 5%, the selling price of the briefcase will be,
SP=Rs.736Rs.736 5 100 Rs.736 1005 100 Rs.699.20  
Hence, the selling price of the briefcase will be Rs.699.20.
Therefore, option (4) is correct.
 
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