Two successive discounts of 20% and 30% are given while selling an item. What is the ratio of the marked price to the selling price of the item?
Answer & explanation
Correct answer: option 2
Let the marked price of the article = 100
Two successive discounts of 20% and 30%
Successive discount = x + y - \(\frac{x × y}{100}\)
Successive discount = 20 + 30 - \(\frac{20 × 30}{100}\) = 44%
Now the selling price of the article = 100 - 44 = 56
MP : SP = 100 : 56 = 25 : 14