After applying successive discounts of 10% and 5% on the marked price of an article, it was sold for ₹3,420. Find the marked price of the article.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹ 4,000.
Given:
Successive discounts of 10% and 5% on the marked price of an article
Selling price = 3240
Calculations:
Successive discounts = - 10 - 5 + .5 = -14.5%
Final discount % = 100 - 14.5 = 85.5%
Selling price = (Marked price × 85.5)/100
⇒ 3420 = (Marked price × 85.5)/100
⇒ Marked price = 4000