If two successive discounts, each of 20% on the marked price of an article, are equal to a single discount of ₹ 331.20, then the marked price (in ₹) of the article is:
Answer & explanation
Correct answer: option 1
Single discount = ₹331.20
Successive discount = x + y - \(\frac{x × y}{100}\)
Successive discount = 20 + 20 - \(\frac{20 × 20}{100}\) = 36%
36% of MP = 331.20
100% of MP = 920