A television set has a marked price of ₹20,000. It is sold after two successive discounts. If the first discount is 15% and the final selling price is ₹15,300, what is the percentage of the second discount?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 10%.
Marked price = ₹20000
First discount = 15%
Price after the first discount = 20000 × 0.85 = ₹17000
Final selling price = ₹15300
Second discount = 17000 − 15300 = ₹1700
Second discount % = × 100 = 10%