New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An article was sold for 298.496 after providing three

    successive discounts of 10%, 5% and 4% respectively on the market price. What was the marked price?
    A Rs 110 Correct Answer Incorrect Answer
    B Rs 363.6 Correct Answer Incorrect Answer
    C Rs 320 Correct Answer Incorrect Answer
    D Rs 420. Correct Answer Incorrect Answer

    Solution

    Successive Discount =10%,5%, and 4% For final discount – 10+5-(10×5)/100 =15-0.5 =14.5% So now 14.5% and 4% - =14.5+4- (14.5×4)/100 =18.5-0.58 Final discount =17.92% Let the MP =100 SP =100-17.92 =82.08 ATQ- 82.08=298.496 1=298.496/82.08 1=3.636 Then MP =3.636×100 =363.6 Rs.

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