A shopkeeper gives an additional concession of 5% on an item which is already discounted by 15% on the marked price. If the buyer pays ₹3,068.5 for the item, then find the marked price.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹3,800.
Let the marked price be ₹x.
First discount = 15%, so price after first discount = 85% of x = 0.85x
Additional discount = 5%, so final price = 95% of 0.85x = 0.95 × 0.85x = 0.8075x
Given: 0.8075x = 3068.5
⇒ x = 3068.5 / 0.8075 = ₹3,800