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A trader gives an additional concession ...

A trader gives an additional concession of35% on an article which is already get discounted by 20% on the marked pnce. If the buyer pays an amount of I 300 for the article, then the marked price is

A

2200

B

2500

C

2600

D

2700

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The correct Answer is:
To find the marked price (MP) of the article, we can follow these steps: ### Step 1: Understand the Discounts The article has two discounts applied: 1. A 20% discount on the marked price (MP). 2. An additional 35% discount on the price after the first discount. ### Step 2: Calculate the Price After the First Discount If the marked price is MP, after a 20% discount, the selling price (SP1) can be calculated as: \[ SP1 = MP - (20\% \text{ of } MP) \] This can be expressed as: \[ SP1 = MP \times (1 - 0.20) = MP \times 0.80 \] ### Step 3: Calculate the Price After the Second Discount Now, we apply the additional 35% discount on SP1. The selling price (SP2) after the second discount is: \[ SP2 = SP1 - (35\% \text{ of } SP1) \] This can be expressed as: \[ SP2 = SP1 \times (1 - 0.35) = SP1 \times 0.65 \] Substituting SP1 from Step 2: \[ SP2 = (MP \times 0.80) \times 0.65 \] \[ SP2 = MP \times 0.80 \times 0.65 \] \[ SP2 = MP \times 0.52 \] ### Step 4: Set Up the Equation According to the problem, the buyer pays ₹1300 for the article, which means: \[ SP2 = 1300 \] So we can set up the equation: \[ MP \times 0.52 = 1300 \] ### Step 5: Solve for the Marked Price To find MP, we rearrange the equation: \[ MP = \frac{1300}{0.52} \] Calculating this gives: \[ MP = 2500 \] ### Conclusion The marked price of the article is ₹2500. ---

To find the marked price (MP) of the article, we can follow these steps: ### Step 1: Understand the Discounts The article has two discounts applied: 1. A 20% discount on the marked price (MP). 2. An additional 35% discount on the price after the first discount. ### Step 2: Calculate the Price After the First Discount ...
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