A man gives two successive discounts of 8 percent and 6 percent on a chair, which has the marked price of Rs. 1200. How much would be the selling price of the chair?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 1037.76.
Marked price = Rs 1200
D1 = 8%
D2 = 6%
Selling price = Marked price × (100 - D1)/100 × (100 - D2)/100
= 1200 × (100 - 8)/100 × (100 - 6)/100
= 1200 × 92/100 × 94/100
= Rs 1037.76