Question

The price of an article is raised by 30% and then two successive discounts of 10% each are allowed. Ultimately, the gain he received is

• A. Decreased by 5.3%
• B. Increased by 3%
• C. Increased by 5.3%
• D. Increased by 10%

Answer 1

The correct option is C

Increased by 5.3%

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%.