A product was offered at a 10% trade discount on the marked price. After a cash discount of 10%, the product was sold for Rs.7,290. The marked price (in Rs.) is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 9,000.
Given that
Initially, a trade discount of 10% is given and then a cash discount of 10% is given
Formula used
Successive discount = - x - x + x2 / 100
Net discount = - 10 - 10 + = - 19%
Let the marked price be P
According to the question
( 100 - 19 )% of P = 7290
P = = 9000
Hence, the marked price is Rs 9,000.