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A plate was sold for Rs. 6,300 after giv...

A plate was sold for Rs. 6,300 after giving two successive discounts of `12 1/2% and 10%`. Find the marked price.

A

Rs. 7,300

B

Rs. 7,700

C

Rs. 8,000

D

Rs. 7,250

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price of the plate after applying two successive discounts of 12.5% and 10%, we can follow these steps: ### Step 1: Understand the Discounts The first discount is 12.5%, which can be expressed as a fraction: \[ 12.5\% = \frac{12.5}{100} = \frac{1}{8} \] The second discount is 10%, which can be expressed as: \[ 10\% = \frac{10}{100} = \frac{1}{10} \] ### Step 2: Set Up the Problem Let the marked price (MP) of the plate be represented as \( x \). ### Step 3: Calculate the Selling Price After the First Discount After applying the first discount of 12.5%, the selling price (SP1) can be calculated as: \[ SP1 = x - \left(\frac{1}{8} \times x\right) = x \left(1 - \frac{1}{8}\right) = x \left(\frac{7}{8}\right) \] ### Step 4: Calculate the Selling Price After the Second Discount Now, apply the second discount of 10% on SP1: \[ SP2 = SP1 - \left(\frac{1}{10} \times SP1\right) = SP1 \left(1 - \frac{1}{10}\right) = SP1 \left(\frac{9}{10}\right) \] Substituting SP1: \[ SP2 = \left(\frac{7}{8} x\right) \left(\frac{9}{10}\right) = \frac{63}{80} x \] ### Step 5: Set the Selling Price Equal to the Given Value We know that the final selling price (SP2) is Rs. 6,300. Therefore, we can set up the equation: \[ \frac{63}{80} x = 6300 \] ### Step 6: Solve for the Marked Price To find \( x \), we can rearrange the equation: \[ x = 6300 \times \frac{80}{63} \] Calculating this gives: \[ x = 6300 \times \frac{80}{63} = 8000 \] ### Conclusion The marked price of the plate is Rs. 8,000. ---
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