An article is listed at Rs.900. A customer pays Rs.726.75 for it after getting two successive discounts. If the rate of first discount is 15%, the rate of the second discount is ________.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 5%.
List Price = ₹900
First Discount = 15%
Final Price Paid = ₹726.75
Price after first discount = 900 × (1−0.15) = 900 × 0.85 = ₹765
Second Discount% =