Question : An article was sold for INR 98,496 after providing three successive discounts of 10%, 5%, and 4% respectively on the marked price. What was the marked price?
Option 1: INR 1,20,000
Option 2: INR 1,10,700
Option 3: INR 1,20,200
Option 4: INR 1,20,500

Question

Question : An article was sold for INR 98,496 after providing three successive discounts of 10%, 5%, and 4% respectively on the marked price. What was the marked price?

Option 1: INR 1,20,000

Option 2: INR 1,10,700

Option 3: INR 1,20,200

Option 4: INR 1,20,500

Team Careers360 · Accepted Answer

Correct Answer: INR 1,20,000

Solution : For three successive discounts of 10%, 5%, and 4%, Selling price = $\frac{100- ext{Discount}_1\%}{100}× \frac{100- ext{Discount}_2\%}{100}×\frac{100- ext{Discount}_3\%}{100}×$ marked price
$⇒ 98496=\frac{100-10}{100}×\frac{100-5}{100}×\frac{100-4}{100}×$ marked price
$⇒ 98496=\frac{90}{100}×\frac{95}{100}×\frac{96}{100}×$ marked price
$ herefore$ Mrked price $= 120000$
Hence, the correct answer is INR 1,20,000.

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Question : An article was sold for INR 98,496 after providing three successive discounts of 10%, 5%, and 4% respectively on the marked price. What was the marked price?Option 1: INR 1,20,000Option 2: INR 1,10,700Option 3: INR 1,20,200Option 4: INR 1,20,500

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Question : An article was sold for INR 98,496 after providing three successive discounts of 10%, 5%, and 4% respectively on the marked price. What was the marked price?
Option 1: INR 1,20,000
Option 2: INR 1,10,700
Option 3: INR 1,20,200
Option 4: INR 1,20,500