After the successive discounts of 10% and 12% on the marked price of an item, it is sold for Rs.9,504, then the marked price is ____________.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs.12,000
Given that
The selling price of the article is Rs 9504
The discounts given on the marked price are 10% and 12%
According to the question
Marked Price × (100 - 10)/100 × (100 - 12)/100 = Selling price
⇒ M.P. × 90/100 × 88/100 = 9504
⇒ M.P. = 9504 × 1000/792 = 12000
Hence, the marked price is Rs 12000