A shopkeeper gives 17% discount on the discounted price after giving an initial discount of 12% on the marked price of a refrigerator. If the final sale price is ₹ 21,912, the marked price (in ₹) is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 30,000.
Given:
Final selling price = 21,912
First discount = 12%
Second discount = 17%
Formula used:
Selling price = Marked price - Marked price × Discount% ----- (1)
Calculations:
Let the Marked price be 100x
Using equation (1), we get
⇒ Selling price = 100x - 100x × 12% = 88x
⇒ Final selling price = 88x - 88x × 17% = 73.04x
We know that,
⇒ 73.04x = 21,912
⇒ x = 300
Hence, marked price = 100x = 30000