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RD Sharma Solutions Class 8 Mathematics Solutions for Profit Loss Discount and Value Added Tax Exercise 13.1 in Chapter 13 - Profit Loss Discount and Value Added Tax
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A defective briefcase costing Rs 800 is being sold at a loss of 8%. If the price isfurther reduced by 5%, find its selling price.
Answer:
Given, cost price of the defective briefcase is = Rs. 800
The loss percent is = 8% of 100 = 8/100
Selling price of briefcase is = 800 - 800×8/100
= 800 – 64
= Rs 736
When the price is further reduced by 5% (Given) = 5% of 100 = 5/100
New selling price = 736 - 736×5/100
= 736 – 36.8
= Rs 699.2
∴ The selling price of the defective briefcase is Rs 699.2
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