Multiple choice

If a trader sold an article at Rs 3060 after allowing 15% and 10% successive discounts on marked price, then the marked price is :

  1. Rs 5000

  2. Rs 6000

  3. Rs 3000

  4. Rs 4000
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

After 15% discount, price becomes 85% of marked price. After additional 10% discount on reduced price, final price is 90% of 85% = 76.5% of marked price. So marked price = 3060/0.765 = Rs 4000. Check: 15% of 4000 = 600 (price Rs 3400), 10% of 3400 = 340 (final Rs 3060).

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