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A shopkeeper allows a 12% additional discount on an initial discount of 20% for a shirt. If he sells the shirt at Rs. 704, then the marked price is:
Question

A shopkeeper allows a 12% additional discount on an initial discount of 20% for a shirt. If he sells the shirt at Rs. 704, then the marked price is:

A.

Rs. 788.48

B.

Rs. 800

C.

Rs. 1,000

D.

Rs. 844.88

Correct option is C

initial discount = 20% additional discount = 12%
He sells the shirt at ₹704
The discount is calculated on market price while profit is calculated on cost price.
Let the Price of the shirt be 100 units
After giving two discounts the price will be,
100 × 80/100 × 88/100 = 70.4
As per the question value of
70.4 = 704
The value of 100 units = Rs 1000

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