Question : A store offers a variety of discounts that range between 20% and 25% inclusive. If a book is discounted to a price of Rs. 270, its greatest possible original price was:
Option 1: Rs. 345.5
Option 2: Rs. 324
Option 3: Rs. 360
Option 4: Rs. 337.5
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Correct Answer: Rs. 360
Solution :
The greatest possible buying price will be when the discount is maximum.
Here, we are taking maximum discount = 25%
If the price is Rs. $y$, then
$\frac{75}{100}\text{of y}=270$
∴ $y =360$
So, its greatest possible original price was Rs. 360.
Hence, the correct answer is Rs. 360.
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