A shopkeeper, on the eve of Diwali, allowed a series of discounts on television sets. Find the selling price of a television set, if the marked price of the television is ₹1,200 and successive discounts are 15% and 10%.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. ₹918.
First discount = 15%
First discount = Marked price × discount%/100
⇒ 1200 × 15/100
⇒ 1200 × 0.15 = ₹180
Price after first discount = M.P. - First discount
⇒ 1200 - 180 = ₹1020
Second discount = New price × 10/100
⇒ 1020 × 0.10 = ₹102
S.P. = Price after first discount - Second discount
⇒ 1020 - 102 = ₹918
Thus, the selling price of the television set after applying the successive discounts is ₹918