A shopkeeper offers his customers a discount of 10%. On an item marked at a price of ₹400, which was a little damaged, he offered additional discount of 10%. At what price (in ₹) is the item available to customers?
Answer & explanation
Correct answer: option 2
MP of the item = Rs. 400
Discount % for 1st and 2nd = 10%
SP = MP - (MP × Discount%)
Price after 1st discount = 400 - (400 × 10%)
⇒ 360
Price after 2nd discount = 360 - (360 × 10%)
⇒ 324
So, the cost price of the customers after two discounts = Rs. 324