A vase has a marked price of Rs. 550. Simran pays Rs. 350 for it because she got 2 successive discounts, one of 20% and the other of:
Show answer & explanation
Correct answer: D
Explanation
Marked Price = ₹550
First Discount = 20%
Final Payment = ₹350
Selling Price = Marked Price × (1 − Discount) × (1 − Discount)
Price after first discount = 550 × 0.80 = 440
Now Second Discount = x%
350 = 440(1 − x)
350 / 440 = 1 − x
0.79545 = 1 − x
x = 0.2045
x = 20.45%