Question : A shopkeeper allows a 12% additional discount on an initial discount of 20% for a shirt. If he sells the shirt at 704, then the marked price is:
Option 1: 788.48
Option 2: 800
Option 3: 1,000
Option 4: 844.88
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Correct Answer: 1,000
Solution :
Let the marked price be INR $x$.
Final selling price = INR 704
Selling Price after 20% discount = $\frac{80}{100}x$
Now, the Selling Price after an additional 12% discount
⇒ 704 = (100 – 12)% of $\frac{80}{100}x$
⇒ 704 = $\frac{88\times 80}{100\times 100}x$
$\therefore x = 1000$
Hence, the correct answer is 1,000.
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