CAT 2020 Slot 2 QA Question 8: Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labeled price. Then he sells the remaining 4 toys at an additional 25% discount on the d

Question

Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labeled price. Then he sells the remaining 4 toys at an additional 25% discount on the d

Accepted Answer

Let the labelled price of each toy be ₹$L$.

The first 8 toys are sold at 80% of labelled price. The remaining 4 toys are sold at an additional 25% discount on this discounted price, so they are sold at 60% of labelled price.

$8 	imes 0.8L + 4 	imes 0.6L = 2112$
$8.8L = 2112$
$L = 240$

Since the