Mathematics · Profit and Loss
A merchant marked an article 40% above its cost price. He then offered two successive discounts of 10% and 30% to a buyer. If he incurred a loss of 500, what was the marked price of the article?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 16,500
- 27,500
- 38,750✓
- 48,000
Correct answer
8,750
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