Trader A gives a single discount of 25% and Trader B gives two successive discount of 20% and 5% on an identical item. If the discount given by A is Rs320 more than the discount given by B, then what is the marked price (in Rs ) of the item ?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 32,000
Discount given by A = 25%
Discount given by B = 20% and 5%
Successive discount of B = x + y - xy/100
= 20 + 5 - 20 × 5/100
= 24%
DIfference b/w A and B
25% - 24% = 320
1% = 320
100% = Rs 32,000