48 Views

Question : A shopkeeper gives an additional concession of 5% on an item which is already discounted by 15% on the marked price. If the buyer pays INR 3,068.50 for the item, then find the marked price.

Option 1: INR 3,500

Option 2: INR 3,700

Option 3: INR 3,800

Option 4: INR 3,780


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: INR 3,800


Solution : We know the formula for successive discounts,
Selling price = $MP(1 - \frac{D_1}{100})(1 - \frac{D_2}{100})$
Where $MP$ is the marked price and $D_1, D_2$ are the discounts.
$\mathrm{D_1=5}$%
$\mathrm{D_2=15}$%
On substituting the values,
$\mathrm{MP(1 - \frac{5}{100})(1 - \frac{15}{100})}=3068.50$
$⇒\mathrm{MP×( \frac{19}{20})×(\frac{17}{20})}=3068.50$
$⇒\mathrm{MP×( \frac{323}{400})}=3068.50$
$⇒\mathrm{MP}=\frac{400}{323}× 3068.50$
$⇒\mathrm{MP}=400×9.50$
$⇒\mathrm{MP}=3800$
Hence, the correct answer is INR 3,800.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books