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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
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- increased by 10%
- increased by 5.3%
- decreased by 3%
- decreased by 5.3%
Correct Option: B
Let us assume the original price be ₹ 100
∴ Increased price = ₹ 130
Equivalent discount = | 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%.