During the festival season, an item was available for ₹918 after a 15% discount. Smriti bargained with the shopkeeper and availed a 20% discount. How much did Smriti pay for it?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → ₹864
Both discounts are taken on the marked price, so find the marked price from the first selling price, then apply the 20% discount to it.
After a 15% discount the price is 85% of the marked price: \(0.85\times\text{MP}=918\)
Marked price \(=918\div0.85=1080\)
After a 20% discount: \(0.80\times1080=864\)