Under a sale offer for an item, Mahesh was offered 24% discount on the part of the marked price that was paid in cash, but was charged 1.5% on the part of the marked price paid through a credit card. If Mahesh paid 40% of the marked price in cash and the rest through a credit card and his total final payment was ₹6,391, what was the marked price of the item?
Answer & explanation
Correct answer: option 4
Let the marked price = 100x
Amount with 24% discount paid in cash = \(\frac{19{25}\) × \(\frac{2}{5}\) × 100x
= 30.4x
The amount paid with credit card = 101.5% of 60% of x
= 1.015 × \(\frac{3}{5}\) × 100x
= 60.9x
ATQ,
30.4x + 60.9x = 6391
91.3x = 6391
x = 70
So marked price = 100x = 100 × 70 = 7000