A shopkeeper offers two successive discounts of 10% and 20% on a Rs. 1,200 article. What is the final price after the two discounts?
Show answer & explanation
Correct answer: C
Explanation
Given:
Marked price of the item = ₹1200
Successive discounts = 10% and 20%
Formula:
Final price = P × (1 − d₁/100) × (1 − d₂/100)
Final price = 1200 × (1 − 10/100) × (1 − 20/100)
= 1200 × 0.9 × 0.8
= 1200 × 0.72
= ₹864