The marked price of an item was ₹5,000. While selling the item, the seller offered successive discounts of 15% and 5%. What was the final selling price of the item?
Answer & explanation
Correct answer: option 4
Marked price of the article = 5000
Discounts = 15% and 5%
selling price after these discounts = 5000 × \(\frac{85}{100}\) × \(\frac{95}{100}\) = ₹4,037.50