A shopkeeper gives a discount of 10 in every 4 months at an article If a man purchases it for Rs 255...........

Quant (SSC) Profit and loss

A shopkeeper gives a discount of 10% in every 4 months at an article. If a man purchases it for Rs. 25515 in the month of December, then what was the initial price of that article in the month of January?

40000

36000

35000

45000

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Explanation:

Let the cost of article in January was Rs. x
In the month of April the cost of the article = Rs. 90x /100
In the month of August, the cost of that article
= 90x /100 x 90/100 = Rs. 81x/100
In the month of December, the cost of that article
= 81x/100 x 90/100 = Rs.729x/1000
Given, 729x/1000 = 25515
X = Rs.35000