Question

Dinesh bought an article of Rs. 374, which include a discount of 15% on the marked price and a sales tax of 10% on the reduced price. Find the marked price on the article.

• A. Rs. 360
• B. Rs. 400
• C. Rs. 456
• D. Rs. 530

Answer 1

The correct option is B

Rs. 400

Let marked price be Rs. X, Discount = 15%, Rates of sales tax = 10%

Discount on Rs. X = 15% of x = $\frac{15x}{100}$

Price after discount = x – $\left(\frac{15x}{100}\right)$ = $\frac{85x}{100}$

Sales Tax = 10% of $\left(\frac{85x}{100}\right)$ = $\frac{85x}{1000}$.

Price including sales tax = $\left(\frac{85x}{100}\right)+\left(\frac{85x}{1000}\right)=\left(\frac{935x}{1000}\right)$

As per question, $\frac{935x}{1000}$ = Rs. 374

x = Rs.400

Hence, Marked Price = Rs. 400