A trader marked an article 30% above cost price. He gave two consecutive discounts of 15% and 10%. Loss was ₹220. What is the marked price?

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Accepted Answer

1. Let cost = $C$. Marked price $M=1.30C$.

2. After two discounts, selling price $=M(1-0.15)(1-0.10)=M	imes0.85	imes0.90=0.765M$.

3. So $	ext{SP}=0.765	imes1.30C=0.9945C$. Loss $=C-	ext{SP}=0.0055C$.

4. Given loss ₹220: $0.0055C=220\Rightarrow C=40000$. Then $M=1.30	imes40000=52000$.

FINAL_ANSWER: a

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