The marked price of a wrist watch is ₹1,200. It is sold at two successive discounts of 5% and 8%, respectively. Find its selling price.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹1,048.80
Marked price = ₹1,200
First discount = 5%
First discount amount = 5% of 1200 = (5/100) × 1200 = 60
Price after first discount = 1200 − 60 = ₹1,140
Second discount = 8% on ₹1,140
Second discount amount = 8% of 1140 = (8/100) × 1140 = 91.2
Selling price = 1140 − 91.2 = ₹1,048.80