After successive discounts of 15% and 10%, a customer pays ₹3,672. What was the marked price?
- AOption (a)
₹4,800
- BOption (b)
₹4,700
- COption (c)
₹4,850
- DOption (d)
₹4,750
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Correct answer
₹4,800
Why this answer is correct
Shortcut Trick
Effective Discount % = 15 + 10 − (15 × 10) ÷ 100 = 23.5%.
Net Selling Price = 100% − 23.5% = 76.5% of Marked Price.
76.5% of MP = ₹3,672 ⇒ MP = 3,672 ÷ 0.765 = ₹4,800.
∴ The correct answer is ₹4,800.
Alternate Method
Given:
First Successive Discount (d1) = 15%
Second Successive Discount (d2) = 10%
Final Selling Price (SP) = ₹3,672
Formula Used:
SP = MP × (100 − d1)/100 × (100 − d2)/100
⇒ 3,672 = MP × (100 − 15)/100 × (100 − 10)/100
⇒ 3,672 = MP × 85/100 × 90/100
⇒ 3,672 = MP × 17/20 × 9/10
⇒ 3,672 = MP × 153/200
⇒ MP = (3,672 × 200) ÷ 153
⇒ MP = 24 × 200
⇒ MP = 4,800
∴ The correct answer is ₹4,800.
Additional Information
Successive Discount Formula
For two successive discounts of a% and b%, the single equivalent discount is (a + b − ab/100)%.
Selling Price Calculation
SP = MP − Discount. If multiple discounts are applied, the base for the second discount is the price after the first discount.
Marked Price (List Price)
The price indicated on the product before any discount is applied. Discounts are always calculated on the Marked Price.