Question
Download Solution PDFAn article is sold for Rs. 560 after two successive discounts of 30% and 20%. What is marked price of the article?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling price of the article after two successive discounts = Rs. 560
First discount: 30%
Second discount: 20%
Formula used:
Selling price = Marked price - (Discount 1% × Marked price) - (Discount 2% × Marked price)
Calculation:
Let's solve the question:
Let the marked price of the article be "M".
Selling price after the first discount = M - (30/100)M = (70/100)M = 0.7M
Selling price after the second discount = 0.7M - (20/100)(0.7M) = (0.7M) - (0.14M) = 0.56M
Given that the selling price after the two discounts is Rs. 560, we can set up the equation:
0.56M = 560
To find the marked price (M), divide both sides of the equation by 0.56:
M = 560/0.56
M = 1000
Therefore, the marked price of the article is Rs. 1000.
Last updated on Jul 18, 2025
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