A shopkeeper gives 12% additional discount on a radio after giving an initial discount of 20% on its labelled price. If the final selling price of the radio is Rs.704, what is its labelled price?
A) Rs.844.80
B) Rs.929.28
C) Rs.1000
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Answer:
D) Rs.1000.00
Description for Correct answer:
Let the marked price be Rs. 100.
Successive discounts of 20% and 12% were given.
Sale price = 100×80100×88100=Rs.70410
If the sale price is Rs.70410, the marked price is Rs.100
If the sale price is Rs.704, the marked price is
= 100×10×704704= Rs.1000
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