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  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
    1. increased by 10%
    2. increased by 5.3%
    3. decreased by 3%
    4. decreased by 5.3%
Correct Option: B

Let us assume the original price be ₹ 100
∴  Increased price = ₹ 130

Equivalent discount = 10 + 10 −
10 × 10
= 10 + 10 - 1 = 19 %
100

∴  Ultimate price of the article = ( 100 - 19 )% of 130 = 81 % of 130 = 105.3
i.e. increase by 5.3%.



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