Question

In a mall a successive discount of 40% and 20% has been given on the marked price of a bag. If net discount on bag is Rs 988, then what is marked price of that bag?

1. Rs 1900
2. Rs 2000
3. Rs 2100
4. Rs 2200

Answer 1

Correct Answer - Option 1 : Rs 1900

Given

Net discount on bag = Rs 988

Successive discount percentage = 40% and 20%

Formula used

Discount = Marked Price – Selling Price

Net successive discount = x + y - xy/100

Calculation

Net successive discount = 100 40% + 20% - 40 × 20/100 = 52 %

⇒ 52% = Rs. 988 

⇒ 1% = Rs. 19                            

⇒ 100% = Rs.1900

∴ The marked price of that article is Rs. 1900.