Trader A gives a single discount of 25% and Trader B gives two successive discounts of 20% and 5% on an identical item. If the discount given by A is ₹320 more than the discount given by B, then what is the marked price (in ₹) of the item?
Answer & explanation
Correct answer: option 2
Trader A gave 25% discount
Trader B gave two successive discount of 20% & 5% which is equal to 20 + 5 - \(\frac{20 × 5}{100}\)= 24%
According to the questions,
This difference of (25 - 24)% = 1%
1% = Rs. 320.
So, 100% = Rs. 32000
∴ The original marked price of the article is Rs. 32000.