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An article wassold for Rs98,496 after providing three successive discounts of 10%, 5% and 4% respectively on the marked price. What
was the marked price?
Rs1,10,700
Rs1,20,000
Rs1,20,200
Rs1,20,500
- To find the marked price, work backwards considering each discount.
- First, reverse the 4% discount. After this, you have 98,496 / 0.96 = Rs 1,02,600.
- Next, reverse the 5% discount. After this, you have 1,02,600 / 0.95 = Rs 1,08,000.
- Finally, reverse the 10% discount. After this, you get 1,08,000 / 0.90 = Rs 1,20,000.
- Thus, the marked price is Rs 1,20,000.
Option 2: Rs 1,20,000
.
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