Shobha purchased a saree for Rs. 5,130 after availing of two successive discounts of 10% and 5% What is the marked price of the saree?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs.6,000.
The cost price of a Saree = Rs 5130
Two successive discounts = 10% and 5%
Marked price × (100 - 1st discount)/100 × (100 - 2nd discount)/100 = Cost price
⇒ Marked price × (100 - 10)/100 × (100 - 5)/100 = 5130
⇒ Marked price × 90/100 × 95/100 = 5130
Marked price = Rs 6000