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?

₹4,037.50

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