A merchant gives an additional discount of 10% on the product after an initial discount of 20% on the listed price. He managed to make a 10% profit by selling the product for ₹54,000. What was the listed price of the product?
Answer & explanation
Correct answer: option 3
Initial discount = 20%
Additional discount = 10%
Selling price = Rs.54000
ATQ,
54000 = \(\frac{4}{5}\)× \(\frac{9}{10}\)× M.P.
M.P. = Rs75,000