QA – Placement Quizzes | Percentages | Question 14
A product is sold at two consecutive discounts of 30% and subsequently 40%. If the product is sold for 1500, what is the marked price on product?
(A) 3500
(B) 3600
(C) 3550
(D) 3571
Answer: (D)
Explanation: Say MP is the marked price
=> (70.MP/100)*(60/100) =1500
=> 7*0.6 MP = 1500
=> MP = 1500/0.42 = 3571
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