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 :
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 :
[A]decreased by 3%
[B]increased by 5.3%
[C]decreased by 5.3%
[D]increased by 10%
increased by 5.3%
Let the original price be 100 Rs.
∴ Increased Price = 130 Rs.
Equivalent discount =
$latex = \left ( 10+10-\frac{10\times 10}{100} \right ) = 19\%&s=1$
∴ Ultimate price of the article = 81% of 130 = 105.3 so the price of the article is increased by 5.3%.
Hence option [B] is correct answer.