Question
Download Solution PDFA product was offered at a 10% trade discount on the marked price. After a cash discount of 10%, the product was sold for Rs. 7,290. The marked price (in Rs.) is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Final selling price after both discounts = Rs. 7,290
Trade discount = 10%
Cash discount = 10%
Formula used:
Let the marked price be M.
Price after trade discount = M - (10% of M) = 0.9M
Final price after cash discount = 0.9M - (10% of 0.9M) = 0.9M × 0.9
Calculations:
0.9M × 0.9 = 7,290
⇒ 0.81M = 7,290
⇒ M = 7,290 ÷ 0.81
⇒ M = 9,000
∴ The marked price is Rs. 9,000.
Last updated on Jun 17, 2025
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