Question : A shopkeeper gives a 12% additional discount on the discounted price, after giving an initial discount of 25% on the labelled price of a radio. If the final selling price of the radio is INR 792, then what is its labelled price (in INR)?
Option 1: 1980
Option 2: 2330
Option 3: 1320
Option 4: 1200
Correct Answer: 1200
Solution :
Let the labelled price be 100
SP after 1st discount of 25% of 100 = (100 – 25% of 100) = 75.
SP after 2nd discount of 12% of 75 = $(75–\frac{75×12}{100})$ = 66.
Thus, the selling price = 66% of the labelled price
⇒ 792 = $\frac{66}{100}$ × labelled price
⇒ Labelled price = 1200
Hence, the correct answer is 1200.
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