A man offers a 21% discount on an item. He offers a further discount of 40% on the reduced price for the first 100 customers. If the selling price of the item is ₹4,740, and the customer is one of the frist 100 then the marked price (in ₹) of the item is
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹10,000.
Let's assume the marked price = 100
Successive discount of 21 and 40 = 21 + 40 - 21 × 40/100
= 52.6
So, the selling price = 100 - 52.6 = 47.6
We have given in the question,
Selling price = 4760
47.6 = 4760
1 = 100
So, the marked price = 100 × 100 = 10000