A customer paid ₹306 for an item after availing successive discounts of 10% and 15%. What is the marked price of the item (in₹)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 400.
Let the marked price be ₹x.
Successive discounts of 10% and 15% mean the final price is:
x × (1−0.10) × (1−0.15) = x × 0.9 × 0.85 = 0.765x
Given final price = ₹306
0.765x = 306
x = 306/0.765
x = 400