Two successive discounts of 20% and 30% are given while selling an article. What is the ratio of the marked price of the article to its selling price?
Answer & explanation
Correct answer: option 1
when two successive discounts of 20% and 30% are given the combined discount is = X + y - \(\frac{x × y}{100}\) = 20 + 30 - \(\frac{20 × 30}{100}\) = 44%
Let MP = 100
then SP = 100 - 44 = 56%
MP : SP = 25 : 14