Question : On a marked price, the difference of selling prices with a discount of 35% and two successive discounts of 20% and 15%, is INR 504. The marked price of the article (in INR) is:
Option 1: 16,000
Option 2: 16,800
Option 3: 15,500
Option 4: 18,000
Correct Answer: 16,800
Solution :
Difference in selling prices = INR 504
Normal discount = 35%
Successive discounts = 20% and 15%
Effective discount = $20+15-\frac{20×15}{100} = 35-3 = 32$%
Difference in selling prices = difference in discount amount
⇒ 504 = (35% - 32%) of marked price
⇒ Marked price = $\frac{504}{0.03}$
= 16800
Hence, the correct answer is 16,800.
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