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An article is sold at two successive dis...

An article is sold at two successive discounts of 10% and 20%. If the selling price is Rs.1080, then what is the marked price?

A

A)Rs. 1500

B

B)Rs. 1400

C

C)Rs. 1600

D

D)Rs. 1300

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price (MP) of an article sold at two successive discounts of 10% and 20%, given that the selling price (SP) is Rs. 1080, we can follow these steps: ### Step 1: Understand the Discounts The article is sold with two successive discounts: 1. First discount of 10% 2. Second discount of 20% ### Step 2: Calculate the Selling Price after Each Discount Let the marked price be \( MP \). After the first discount of 10%, the selling price becomes: \[ SP_1 = MP \times (1 - 0.10) = MP \times 0.90 \] After the second discount of 20%, the selling price becomes: \[ SP_2 = SP_1 \times (1 - 0.20) = (MP \times 0.90) \times 0.80 = MP \times 0.90 \times 0.80 \] ### Step 3: Simplify the Selling Price Expression Now, we can simplify the expression for the final selling price: \[ SP_2 = MP \times 0.90 \times 0.80 = MP \times 0.72 \] ### Step 4: Set the Selling Price Equal to Rs. 1080 We know that the final selling price (after both discounts) is Rs. 1080: \[ MP \times 0.72 = 1080 \] ### Step 5: Solve for the Marked Price Now, we can solve for \( MP \): \[ MP = \frac{1080}{0.72} \] Calculating this gives: \[ MP = 1500 \] ### Conclusion The marked price of the article is Rs. 1500.
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