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If a trader sold an article at Rs.3,060 ...

If a trader sold an article at Rs.3,060 after allowing 15% and 10% successive discounts on marked price, then the marked price is

A

Rs. 5,000

B

Rs. 6,000

C

Rs. 3,000

D

Rs. 4,000

Text Solution

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The correct Answer is:
To find the marked price of the article sold by the trader, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the Discounts**: The trader gives two successive discounts of 15% and 10% on the marked price. We need to find the marked price (let's denote it as MP). 2. **Assume a Marked Price**: For simplicity, let's assume the marked price (MP) is 100 units. This will help us calculate the selling price after discounts easily. 3. **Calculate the First Selling Price (SP1)**: - The first discount is 15% of the marked price. - Calculate the discount amount: \[ D1 = 15\% \text{ of } MP = \frac{15}{100} \times 100 = 15 \text{ units} \] - Now, subtract this discount from the marked price to get SP1: \[ SP1 = MP - D1 = 100 - 15 = 85 \text{ units} \] 4. **Calculate the Second Selling Price (SP)**: - The second discount is 10% of SP1. - Calculate the discount amount: \[ D2 = 10\% \text{ of } SP1 = \frac{10}{100} \times 85 = 8.5 \text{ units} \] - Now, subtract this discount from SP1 to get the final selling price (SP): \[ SP = SP1 - D2 = 85 - 8.5 = 76.5 \text{ units} \] 5. **Relate Selling Price to Actual Selling Price**: - We know from the problem that the selling price (SP) is Rs. 3,060. - Set up the equation: \[ 76.5 \text{ units} = 3060 \text{ Rs} \] 6. **Find the Value of One Unit**: - To find the value of one unit, divide the actual selling price by the units: \[ \text{Value of 1 unit} = \frac{3060}{76.5} = 40 \text{ Rs} \] 7. **Calculate the Marked Price**: - Since we assumed the marked price was 100 units, the actual marked price in Rs will be: \[ MP = 100 \times 40 = 4000 \text{ Rs} \] ### Final Answer: The marked price of the article is **Rs. 4000**.
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