If a man purchases an article marked at Rs. 1200 with two successive discounts of 10% and 5%, what is the final price?
Show answer & explanation
Correct answer: B
Explanation
Given:
Marked Price = 1200
First Discount = 10%
Second Discount = 5%
Formula:
Selling Price = Marked Price × (100 − a)% / 100 × (100 − b)% / 100
Selling Price = 1200 × 90 / 100 × 95 / 100 = 1026