An article was sold for ₹98,496 after providing three successive discounts of 10%, 5% and 4% respectively on the marked price. What was the marked price?
Answer & explanation
Correct answer: option 1
According to the question,
Selling price = 98,496
Discounts = 10%, 5%, 4%
98496 = MRP × \(\frac{9}{10}\) × \(\frac{19}{20}\) × \(\frac{24}{25}\)
MRP = ₹1,20,000