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Question
A defective briefcase costing Rs 800 is being sold at a loss of 8%. If the price is further reduced by 5%, find its selling price.
Solution
\[\text { C . P of the briefcase = Rs } . 800\]
\[\text { Loss = 8 % } \]
\[S . P = CP \left( \frac{100 -\text { loss % }}{100} \right)\]
\[ = 800\left( \frac{100 - 8}{100} \right)\]
\[ = 800 \times 0 . 92 = Rs . 736\]
\[\text { If the price is further reduced by 5 % , the selling price of the briefcase will be }\]
\[ = Rs . \left( 736 - 736 \times \frac{5}{100} \right)\]
\[ = 736\left( \frac{100 - 5}{100} \right)\]
\[ = 736 \times 0 . 95\]
\[ = Rs . 699 . 20\]
\[\text { Thus, the selling price of the briefcase will be Rs 699 . 20 } .\]
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