A buyer gets two successive discounts of 20% and 10% on a Rs. 1000 item. What is the price paid?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 720
Marked price = Rs. 1000
Final price = 1000 × 80/100 × 90/100 = 1000 × 8/10 × 9/10 = Rs. 720
Therefore, the price paid is Rs. 720.