The marked price of a washing machine is ₹7,200. If it sold for ₹5,512.50 after two successive discounts of x % each . The value of x is:
Answer & explanation
Correct answer: option 2
The marked price of the machine is = 7200
Two successive discounts = x%
Selling price = 5,512.50
According to the question,
7200 × \(\frac{m}{100}\) × \(\frac{m}{100}\) = 5,512.50
m2 = \(\frac{55125000}{7200}\)
m2 = 7656.25
m = 87.5
Discount = 100 - 87.5 = 12.5%