An item is sold for Rs. 4964 after two successive discounts of 30 percent and 10 percent. What is marked price of the article?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs.7879.36.
The marked price = ( M).
Price after 30% discount = M × (1 - 0.30) = M × 0.70
Price after 10% discount = (M × 0.70) × (1 - 0.10) = M × 0.70 × 0.90
⇒ M × 0.63
The final price after both discounts is Rs. 4964. So:
⇒ M × 0.63 = 4964
⇒ M = 4964 / 0.63
⇒ M = 7880
The marked price of the article is Rs. 7880. or Rs. 7879.36.