Question
Download Solution PDFThe marked price of an item was ₹12,500. Two successive discounts of 12% each was offered on its sale. What was the selling price (in ₹) of the item?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (MP) = ₹12,500
Discount 1 = 12%
Discount 2 = 12%
Formula used:
Selling Price (SP) after successive discounts = MP × (1 - D1/100) × (1 - D2/100)
Calculations:
SP = 12,500 × (1 - 12/100) × (1 - 12/100)
⇒ SP = 12,500 × 0.88 × 0.88
⇒ SP = 12,500 × 0.7744
⇒ SP = 9680
∴ The correct answer is option (1).
Last updated on Jun 3, 2025
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