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A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price?

  • a)
    1000
  • b)
    2000
  • c)
    1200
  • d)
    920
Correct answer is option 'A'. Can you explain this answer?
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A trader gives 12% additional discount on the discounted price, after ...
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A trader gives 12% additional discount on the discounted price, after ...
Given:
Initial discount = 20%
Additional discount = 12%
Final sale price = Rs.704

To find: Labeled price

Solution:
Let the labeled price be 'x'

After the initial discount, the price becomes:
x - 20% of x = 0.8x

After the additional discount, the price becomes:
0.8x - 12% of 0.8x = 0.704x

0.8x - 0.096x = 0.704x

0.8x - 0.096x - 0.704x = 0

0.096x = 0.096x

x = Rs.1000

Therefore, the labeled price of the item is Rs.1000.

Answer: a) 1000
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A trader gives 12% additional discount on the discounted price, after ...
1000
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A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price? a)1000b)2000c)1200d)920Correct answer is option 'A'. Can you explain this answer?
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A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price? a)1000b)2000c)1200d)920Correct answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price? a)1000b)2000c)1200d)920Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price? a)1000b)2000c)1200d)920Correct answer is option 'A'. Can you explain this answer?.
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