A chair was sold for ₹8,601 after two successive discounts of 8.5% and 6% were applied. Find the marked price.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1, i.e., ₹10,000.
Let the marked price be M.
Successive discounts = (100 − 8.5)% × (100 − 6)% = 91.5% × 94%
= (91.5 ÷ 100) × (94 ÷ 100) = 0.915 × 0.94 = 0.8601
So selling price = 86.01% of M
8601 = (86.01 ÷ 100) × M
M = 8601 × 100 ÷ 86.01 = ₹10,000.