An article is sold for Rs.560 after two successive discounts of 30% and 20%. What is marked price of the article?
Answer & explanation
Correct answer: option 1
Combined discount = X + y - \(\frac{x × y}{100}\)
= 30 + 20 - \(\frac{30 × 20}{100}\) = 44%
Selling price = 100 - 44 = 56%
56% of MP = 560
100% of MP = 1000