8 Views

Question : An item was sold at INR 5,474 after two successive discounts of 12.5% and 8% were offered on its Marked Price. What was the Marked Price (in INR) of the item?

Option 1: 6,750

Option 2: 7,000

Option 3: 6,800

Option 4: 6,600


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: 6,800


Solution : Let the Marked Price of the item be $x$.
For a discount of 12.5%.
$\text{Discount}{_1}=12.5\%\text{ of }x=0.125x$
⇒ New price after first discount = $x$ - 0.125$x$ = 0.875$x$
For the Second discount = 8%
$\text{Discount}{_2}=8\%\text{ of }0.875x=0.07x$
⇒ New price after first discount = 0.875$x$ - 0.075$x$ = 0.805$x$
According to the question,
0.805$x$ = 5474
⇒ $x=\frac{5474}{0.805}$
⇒ $x$ = INR 6800
Hence, the correct answer is 6,800.

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