General Aptitude TestNumerical AbilityProfit and Loss

Two successive discounts of 40% and 20%, respectively, on the marked…

Two successive discounts of 40% and 20%, respectively, on the marked price of an article are equal to a single discount of ₹988. The marked price (in ₹) of the article is:

Answer & explanation

Correct answer: option 2

Given,

First Discount = 40%

and second discount = 20%

Successive discount = x + y - \(\frac{x × y}{100}\)

Successive discount = 40 + 20 - \(\frac{40 × 20}{100}\) = 52%

So, 52% of the marked price = 988 Given

100% of the marked price = 1900