The marked price of an article is 20,000, and while selling, the shopkeeper offers two successive discounts of 12% and d%. If the selling price of the article is ₹16,720, then what is the value of d?
Answer & explanation
Correct answer: option 4
The marked price of the article = 20000
Discounts offered = 12% and d%
So the SP of the article after first discount of 12% = 88% of the marked price
So, SP1 = 88% of 20000 = 17600
Final selling price = 16720
Discount offered = 17600 - 16720 = 880
Discount % = 880 × \(\frac{100}{17600}\) = 5%