A product was offered at a 10% trade discount on the marked price. After a cash discount of 10%, the product was sold for ₹7,290. The marked price (in ₹) is:
Correct Answer :
9,000
Solution :
To find the marked price of the product, we can trace the discounts applied step-by-step.
Let the marked price of the product be M.
First, a trade discount of 10% is offered on the marked price.
The price after the trade discount is:
Next, a cash discount of 10% is applied to this new price.
The selling price (after both discounts) is:
We are given that the product was sold for ₹7,290. Therefore:
Now, we solve for M:
Since , we get:
Thus, the marked price of the product is ₹9,000.
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