An overcoat is sold for Rs.1,260 at successive discounts of 16% and 25%. Find the marked price of the overcoat.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs.2,000.
Calculations:
Let the Marked price be 100x.
Selling price after successive discounts of 16% and 25% = 100x × 0.75 × 0.84 = 63x
According to the question;
⇒ 63x = 1260
⇒ x = 20
Hence, Marked price = 100x = 100 × 20
⇒ 2000