Question
Download Solution PDFA watch dealer sells watch at Rs.359625/- after two successive discounts of 25% and 30% respectively. What is the marked price? (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling Price (SP) = ₹359625
Discounts = 25% and 30%
Formula used:
SP = MP × (1 - D1/100) × (1 - D2/100)
Where, MP = Marked Price
D1 = First Discount
D2 = Second Discount
Calculations:
₹359625 = MP × (1 - 25/100) × (1 - 30/100)
⇒ ₹359625 = MP × (0.75) × (0.70)
⇒ ₹359625 = MP × 0.525
⇒ MP = ₹359625 / 0.525
⇒ MP = ₹685000
∴ The correct answer is option (1).
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