Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
The price of an article is raised by 30\% and then two successive discounts of 10\% each are allowed. Ultimately, the price of the article is
(a)decreased by 5.3\%
(b)increased by 3\%
(c)increased by 5.3\%
(d)increased by 10\%
Answer
Answer (as printed): C
Explanation
Let the original price be ₹ 100. Then, marked price $=₹ 130$. Final price = 90\% of 90\% of ₹ 130 $$=₹\left(\frac{90}{100} \times \frac{90}{100} \times 130\right)=₹ 105.30 .$$ ∴ Increase in price $=(105.30-100) \%=5.3 \%$.
Explanation as extracted from the printed page; notation may be imperfect.