A tractor is sold after allowing three successive discounts of 10%, 5% and 2%. If the marked price of the tractor is Rs 4,88,000, find its net selling price.

Rs 5,08,895.2 Rs 4,49,895.06 Rs 4,18,895.45 Rs 4,08,895.2

Rs 4,08,895.2

Discounts = 10%, 5% and 2% Marked price = 4,88,000 Selling price = 4,88,000 × \(\frac{90}{100}\) × \(\frac{95}{100}\) × \(\frac{98}{100}\)  Selling price = = Rs 4,08,895.2