Multiple choice

A merchant gives two successive discounts of 20% and 25% on an article and still gains 50% on the article. If the selling price was Rs. 450, what was the marked price of the article?

  1. Rs. 650

  2. Rs. 750

  3. Rs. 600

  4. Rs. 700

  5. Rs. 850

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Selling price is 450, gain is 50%, so cost price = 450 / 1.5 = 300. Marked price (M) after 20% and 25% discounts: M * 0.8 * 0.75 = 450. M * 0.6 = 450, so M = 750.