An article is sold at a discount of 10% and an additional discount of 40% is allowed on cash payment. If Anita purchased an article by paying Rs.2,700 in cash, the marked price of the article was:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs.5,000.
Given:
SP = Rs.2,700
Discount = 10%
Additional Discount on cash payment = 40%
Formula Used:
Explanation:
Let the marked price of the article be Rs. x
Since article is purchased by paying in cash,
So,
⇒
⇒
⇒
⇒ x = 5,000
Hence the marked price of the article is Rs. 5,000.