The marked price of a mobile phone is ₹18,000. It is sold with two successive discounts of 25% and 4%. An additional discount of 5% is offered for cash payment. The selling price of the mobile on cash payment is:

₹12,312 ₹12,123 ₹12,132 ₹12,231

₹12,312

25% = \(\frac{1}{4}\) 4%= \(\frac{1}{25}\) and additional  5%= \(\frac{1}{20}\) MP = 18000 SP = 18000 × \(\frac{3}{4}\) × \(\frac{24}{25}\) × \(\frac{19}{20}\) = Rs.12312