A trader gives two successive discounts of 18% and 20%. If the marked price is ₹11,000, then the selling price is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹7,216.
M.P. = ₹ 11000
Single discount of two successive discounts = x + y + xy/100
-18 - 20 + 360/100 = -38 + 3.6 = 34.4 [negative sign shows the discount]
The selling price = 11000 × (100 - 34.4)/100 = 11000 × 65.6/100 = ₹ 7216