The marked price of a commodity was given as ₹425 per kg. After two successive discounts of 5% and y%, respectively, the retailer purchased it for ₹323 per kg. What was the value of y?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 20.
Marked Price = ₹425
After 5% discount = 425 × =
Now, according to the question,
⇒ × (1 - ) = 323
⇒ 1 - = 0.8
⇒ = 0.2
⇒ y = 20