Question : An item costing Rs. 200 is being sold at a 10% loss. If the price is further reduced by 5%, the selling price will be:
Option 1: Rs. 170
Option 2: Rs. 171
Option 3: Rs. 175
Option 4: Rs. 179
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Answer (1)
23rd Jan, 2024
Correct Answer: Rs. 171
Solution :
Cost price = Rs. 200
Loss = 10%
Reduction = 5%
Selling price = 200×$\frac{90}{100}$×$\frac{95}{100}$ = Rs. 171
Hence, the correct answer is Rs. 171.
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