The marked price of an article is ₹530. After two successive discounts,it is sold for ₹396.44. If the first discount is 15%, and the second discount is x%, then what is the value of x?

12

MP of the article = 530

SP of the article after first discount = 530 × \(\frac{85}{100}\) = 450.5

Second discount = 450.5 – 396.44 = 54.06

Second discount = \(\frac{54.06}{450.5}\) × 100 = 12%