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Q.

The marked price of a book is Rs.1200 and the discount rate on the book is 12%, then the selling price of the book is


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a

Rs.1056

b

Rs.1344

c

Rs.1456

d

Rs.1477 

answer is A.

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Detailed Solution

From the given data, we have,
The marked price of a book = Rs.1200.
The discount rate on the book = 12%.
Discount rate =  Discount price Marked price ×100%   12% =  Discount price 1200 ×100% Discount price= 12×1200 100 Discount price=Rs.144     We know that,
Discount price = Marked price – Selling price.
Therefore, Selling price = Marked price – Discount price
Selling price = Rs 1200144 Selling price = Rs. 1056   Thus, the selling price of the book is Rs.1056.
Hence, option (1) is correct
 
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