The marked price of a chair is Rs. 2000. After giving two successive discounts of 20 percent and x percent, the chair is sold for Rs. 1400. What is the value of x?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 12.5 percent.
Given that
Marked price = 2000
Selling price = 1400
Discounts are given = 20 percent and x percent
Since the discounts are always given on Marked prices,
× 2000 = 400
Price now becomes = 2000 - 400 = 1600
Now another discount of x percent is given on this price
× 1600
⇒ 16x
Now the final price after 2 successive discounts become
1600 - 16x = 1400, which implies that x = 12.5 percent
Hence, the value of x is 12.5 percent.