Multiple choice

A trader offers two successive discounts at the rate of 50% and 50% but at the time of calculation he made a mistake and calculated at 60% and 40% and took Rs.12 less then find the mark price of the article?

  1. 10000

  2. 12000

  3. 15000

  4. 18000

  5. 1200
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Correct successive discounts (50%, 50%): final price = M × 0.5 × 0.5 = 0.25M. Wrong calculation (60%, 40%): final price = M × 0.4 × 0.6 = 0.24M. Difference = 0.25M - 0.24M = 0.01M = Rs. 12. Thus M = Rs. 1200.

Keep practicing — related questions