Discussion Forum



1)

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%

E) decreased by 5.8%

Answer:

Option C

Explanation:

Let the original price be Rs. 100. Then, marked price = Rs. 130.
Final price = 90% of 90% of Rs. 130 = Rs. $\left(\frac{90}{100} \times \frac{90}{100} \times 130\right)$
= Rs. $105.30$
$\therefore$ Increase in price $=(105.30-100)%$ $=5.3$%