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An item is sold for Rs. 4964 after two successive discounts of 30 percent and 10 percent. What is the marked price of the article?
Question

An item is sold for Rs. 4964 after two successive discounts of 30 percent and 10 percent. What is the marked price of the article?

A.

Rs. 7200.47

B.

Rs. 7879.36

C.

Rs. 7120.46

D.

Rs. 6600

Correct option is B

Given:
Selling Price = Rs. 4964
Successive discounts of 30% and 10%. We need to find the marked price.
Formula Used:
Selling Price = Marked Price × (1 - Discount1) × (1 - Discount2)
Solution:
Selling Price = Marked Price × (1 - 0.30) × (1 - 0.10)
4964 = Marked Price × 0.70 × 0.90
4964 = Marked Price × 0.63
Marked Price = 4964 ÷ 0.63 = Rs. 7879.36

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