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Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.
Q. At what price the two stores bought the product from the company?
- a)Rs. 15000
- b)Rs. 20000
- c)Rs. 25000
- d)Rs. 30000
- e)Rs. 35000
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Two stores A and B bought the same product from the company at the sa...
Formula Used:
When two successive discounts of x% and y% are offered on a product, total discount
= 
Also, when the price is marked p% above cost price and sold at a discount of q%, profit %
= 
Now,
Store A marked the price 50% above CP & sold at successive discounts of 15% and 10%,
⇒ Total discount offered by store A = 
= 25 - 1.5 = 23.5%
⇒ Profit % of store A = 
Similarly,
Store B marked the price 60% above CP & sold at successive discounts of 15% and 12%,
⇒ Total discount offered by store B = 
= 27 - 1.8 = 25.2%
= 27 - 1.8 = 25.2%⇒ Profit % of store B = 
= 60 - 40.32 = 19.68%
= 60 - 40.32 = 19.68%But, the customer has to pay Rs. 986 more at store B,
⇒ Profit of store B - Profit of store A = 986
⇒ (19.68 - 14.75)% of Cost price of product = 986
⇒ 4.93% of Cost price of product = 986
⇒ Cost price of product = 98600 / 4.93 = Rs. 20000
∴ The stores bought the product from the company for Rs. 20000
Hence, the correct option is (B).
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Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer?
Question Description
Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer? for Class 1 2024 is part of Class 1 preparation. The Question and answers have been prepared according to the Class 1 exam syllabus. Information about Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 1 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer?.
Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer? for Class 1 2024 is part of Class 1 preparation. The Question and answers have been prepared according to the Class 1 exam syllabus. Information about Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 1 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer?.
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Here you can find the meaning of Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A.Q. At what price the two stores bought the product from the company?a)Rs. 15000b)Rs. 20000c)Rs. 25000d)Rs. 30000e)Rs. 35000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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