A shopkeeper offers two successive discounts of 20% and 10% on an item. If the marked price of the item is ₹1,200, what is its final selling price?
Show answer & explanation
Correct answer: A
Explanation
Given:
Marked price = ₹1200
First discount = 20%
Second discount = 10%
Formula:
Selling price = Marked price × (1 − d₁/100) × (1 − d₂/100)
Price after first discount = 1200 × 0.80 = 960
Price after second discount = 960 × 0.90 = 864
Final selling price = ₹864