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Question 144
If a trader sold an article at Rs.3,060 after allowing 15% and 10% successive discounts on marked price, then the marked price is
Solution
Let marked price = $$100x$$
After allowing discount of 15%, price = $$100x - \frac{15}{100} * 100x = 85x$$
After further allowing discount of 10%, price = $$85x - \frac{10}{100} * 85x = 76.5x$$
Now, selling price = $$76.5x = 3060$$
=> $$x = \frac{3060}{76.5} = 40$$
$$\therefore$$ Marked Price = 100*40 = Rs 4,000
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