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Aptitude · Q305

Profit And Loss

Competitive Exams · Aptitude · question 305

Q305

Two stories A and B mark the price of an item identically. A allows 3 successive discounts of 10% each. B allows 10% discount on the list price and a subsequent discount of 19%. Under the circumstances, which of the following is true?

A.
The price of the article is cheaper at A
B.
The price of the article is cheaper at B
C.
The price of the article is same at A and B
Answer
D.
The price cannot be determined

Answer: Option C

Solution

Answer: Option C
Solution:
Let the M.P. of the item at each of the stories A and B be Rs. 100.
Final price at A = 90% of 90% of 90% of Rs. 100

Final price at B = 81% of 90% of Rs. 100

Hence, the price of the article is same at A and B