Multiple choice

A trader allows two successive discounts of 30% and 15% on selling an article. If he gets 476 for that article, find its marked price.

  1. 700

  2. 400

  3. 900

  4. 800

  5. 0
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let marked price be x. x * 0.70 * 0.85 = 476. x * 0.595 = 476. x = 476 / 0.595 = 800.

AI explanation

Let the marked price be M. Using the marked price formula for successive discounts, the selling price is 0.70 * 0.85 * M = 0.595M. Equating this to the selling amount gives 0.595M = 476. Solving for M gives M = 476 / 0.595 = 800.

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