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A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price is
- a)2200
- b)2500
- c)2600
- d)2700
- e)None of thes
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
A trader gives an additional concession of 35% on an article which is ...
MP*(80/100)*(65/100) = 1300
Most Upvoted Answer
A trader gives an additional concession of 35% on an article which is ...
Given Information:
- The trader gives an additional concession of 35% on an article.
- The article is already discounted by 20% on the marked price.
- The buyer pays an amount of 1300 for the article.
To Find:
The marked price of the article.
Solution:
Let's assume the marked price of the article is 'x' dollars.
Step 1: Discount on the Marked Price:
The article is already discounted by 20% on the marked price. Therefore, the selling price after the 20% discount will be:
x - (20/100)x = (80/100)x = 0.8x dollars.
Step 2: Additional Concession:
The trader gives an additional concession of 35% on the selling price after the 20% discount. Therefore, the selling price after the additional concession will be:
0.8x - (35/100)(0.8x) = 0.8x - 0.28x = 0.52x dollars.
Step 3: Selling Price:
The buyer pays an amount of 1300 for the article. Therefore, we can equate the selling price to 1300 and solve for 'x':
0.52x = 1300
x = 1300 / 0.52
x ≈ 2500
Therefore, the marked price of the article is approximately 2500 dollars.
Conclusion:
The marked price of the article is option 'B' - 2500 dollars.
- The trader gives an additional concession of 35% on an article.
- The article is already discounted by 20% on the marked price.
- The buyer pays an amount of 1300 for the article.
To Find:
The marked price of the article.
Solution:
Let's assume the marked price of the article is 'x' dollars.
Step 1: Discount on the Marked Price:
The article is already discounted by 20% on the marked price. Therefore, the selling price after the 20% discount will be:
x - (20/100)x = (80/100)x = 0.8x dollars.
Step 2: Additional Concession:
The trader gives an additional concession of 35% on the selling price after the 20% discount. Therefore, the selling price after the additional concession will be:
0.8x - (35/100)(0.8x) = 0.8x - 0.28x = 0.52x dollars.
Step 3: Selling Price:
The buyer pays an amount of 1300 for the article. Therefore, we can equate the selling price to 1300 and solve for 'x':
0.52x = 1300
x = 1300 / 0.52
x ≈ 2500
Therefore, the marked price of the article is approximately 2500 dollars.
Conclusion:
The marked price of the article is option 'B' - 2500 dollars.
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A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer?
Question Description
A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer?.
A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer?.
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A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of A trader gives an additional concession of 35% on an article which is already get discounted by 20% on the marked price. If the buyer pays an amount of 1300 for the article, then the marked price isa)2200b)2500c)2600d)2700e)None of thesCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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