Given:
Cost Price (CP) of the item = Rs. 500
Loss percentage = 17%
Further price reduction = 20%
Selling Price (SP) = ?
Formula Used:
Selling Price after initial loss = Cost Price × (1 - Loss Percentage)
Selling Price after further reduction = Initial Selling Price × (1 - Further Reduction Percentage)
Solution:
Calculate the initial selling price after 17% loss:
2. Calculate the final selling price after further 20% reduction:
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