The price of an article is raised by 45% and then two successive discounts of 15% each are allowed. Ultimately the price of the article is _________.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. increased by 4.7625%
Let the cost price of the article = Rs 100
Then the marked price would be = 145% × 100 = 145
After two discounts of 15% = 145 × (85/100) × (85/100) = 104.7625
⇒ Thus, the price of the article increased by 4.7625%