The marked price of a commodity was given as ₹y per kg. After two successive discounts of 8% and 12.5%, respectively, the retailer purchased it for ₹3,059 per kg. What was the value of y?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 3800.
Marked price per kg = y
Price after 8% discount = 0.92y
Price after 12.5% discount = 0.92y × 0.875 = 0.805y
0.805y = 3059
⇒ y = 3059/0.805 = 3800