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A trader allows two successive discounts of 20% and 30% on selling an article. If he sells that article for Rs. 1120, then what is the marked price (in Rs.)
  • a)
    2500
  • b)
    2000
  • c)
    1800
  • d)
    2350
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A trader allows two successive discounts of 20% and 30% on selling an ...
Let, the marked price = Rs. x
After first discount of 20%, price = Rs.(x - x × 20/100) = Rs. 0.8x
After second discount of 30%, price = Rs.(0.8x - 0.8x × 30/100) = Rs. 0.56x
According to problem,
⇒ 0.56x = 1120
⇒ x = 1120/0.56
⇒ x = 2000
∴ The marked price = Rs. 2000
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A trader allows two successive discounts of 20% and 30% on selling an article. If he sells that article for Rs. 1120, then what is the marked price (in Rs.)a)2500b)2000c)1800d)2350Correct answer is option 'B'. Can you explain this answer?
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