Mr. Raman had some old bags in his stock. After allowing two successiv

1.	Mr. Raman had some old bags in his stock. After allowing two successive discounts of 50% and 50% on the marked price, he sold bags for Rs. 50000. Find the marked price of the bags.1. Rs. 2000002. Rs. 2500003. Rs. 1500004. Rs. 175000
Answer» Correct Answer - Option 1 : Rs. 200000 GIVEN: 2 successive discounts of 50% and 50% Selling price = Rs. 50000 CONCEPT: Basic concept of discount. FORMULA USED: Cumulative discount for x% and y% = x + y – xy/100 CALCULATION: Equivalent discount for 50% and 50% = 50 + 50 – 2500/100 = 75% ∴ Marked price of the bags = 50000/(1 – 0.75) = Rs. 200000

Mr. Raman had some old bags in his stock. After allowing two successive discounts of 50% and 50% on the marked price, he sold bags for Rs. 50000. Find the marked price of the bags.1. Rs. 2000002. Rs. 2500003. Rs. 1500004. Rs. 175000

Answer» Correct Answer - Option 1 : Rs. 200000

GIVEN:

2 successive discounts of 50% and 50%

Selling price = Rs. 50000

CONCEPT:
Basic concept of discount.

FORMULA USED:

Cumulative discount for x% and y% = x + y – xy/100

CALCULATION:

Equivalent discount for 50% and 50% = 50 + 50 – 2500/100 = 75%

∴ Marked price of the bags = 50000/(1 – 0.75) = Rs. 200000

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Mr. Raman had some old bags in his stock. After allowing two successive discounts of 50% and 50% on the marked price, he sold bags for Rs. 50000. Find the marked price of the bags.1. Rs. 2000002. Rs. 2500003. Rs. 1500004. Rs. 175000

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