The marked price of an article is ₹5320. It is subject to two successive discounts, the first being 15%, and the second at a rate of 20% of the first. What is the selling price (to nearest ₹) of the article?
Answer & explanation
Correct answer: option 4
Marked price = 5320
Successive discount = x + y - \(\frac{x × y}{100}\)
First discount = 15%
Second discount = 20%
Successive discount = 15 + 20 - \(\frac{15 × 20}{100}\) = 32%
Now the selling price will be (100- 32 = 68) of the marked pricce
So the selling price = 68% of 5320 = 3617