The marked price of a general study book is Rs. 800. If it is sold at 15% and 20% successive discounts, then find its selling price.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 544.
Given that
The marked price of a general study book is Rs. 800
The discounts given are 15% and 20%
So, the selling price = marked price × (100 - 15)/100 × (100 - 20)/100
= 800 × 85/100 × 80/100
= 8 × 85 × 0.8 = Rs. 544