A man offers a 21% discount on an item. He offers a further discount of 40% on the reduced price for the first 100 customers. If the selling price of the item is ₹4,740, and the customer is one of the frist 100 then the marked price (in ₹) of the item is
Answer & explanation
Correct answer: option 1
When two discounts of 21% and 40% are given successively then the selling price is = 4740
X + y - \(\frac{x × y}{100}\) = Combined discount
21 + 40 - \(\frac{21 × 40}{100}\) = Combined discount
52.6% = Combined discount
Selling price = (100-52.6) = 47.4%
47.4% of MP = 4740
100% of MP = Rs.10000