An item was sold at ₹5,474 after two successive discounts of 12.5% and 8% were offered on its Marked Price. What was the Marked Price (in ₹) of the item?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 6,800.
Let, MP = x
So, x(87.5/100) × (92/100) = 5474
⇒ x = 5474 × (100/87.5) × (100/92) = 6800
Hence, the marked price of the item is ₹6,800.