Question : After two successive discounts of 40 percent and 20 percent, an article is sold for Rs. 4632. What is the marked price of the article?
Option 1: Rs. 7650
Option 2: Rs. 8870
Option 3: Rs. 9650
Option 4: Rs. 8050
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Correct Answer: Rs. 9650
Solution :
Let the marked price of the article be Rs. $x$.
For two successive discounts Selling price = $\frac{100-\text{Discount}_1\%}{100}× \frac{100-\text{Discount}_2\%}{100}×$ marked price
$⇒4632=x×\frac{100-40}{100}×\frac{100-20}{100}$
$\therefore x=9650$
Hence, the correct answer is Rs. 9650.
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