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    Question

    On the sale of a certain item a shopkeeper offered two

    successive discounts such that in percentage terms the second discount was only 1/n th of the first. If the overall discount was p% of the marked price of the item, then the selling price of the item after applying only the first discount was ₹ y and the marked price of the item was ₹ x. Which one of the following is correct in respect of the Question and the Statements given below? Statement 1: The values of n, p, y and x are respectively given as 3, 15.52, 8900 and 10000. Statement 2: The values of n, p, y and x are respectively given as 4, 21.69, 12730 and 15500.
    A Only Statement 2 is feasible. Correct Answer Incorrect Answer
    B Only Statement 1 is feasible. Correct Answer Incorrect Answer
    C Neither of the two statements is feasible. Correct Answer Incorrect Answer
    D Both Statements are feasible. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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