The marked price of an article is ₹20,000, and while selling, the shopkeeper offers two successive discounts of 12% and d%. If the selling price of the article is ₹16,720, then what is the value of d?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 5.
....(i)
Given:
M.P. = ₹20,000
S.P. = ₹16,720
D1 = 12%
D2 = x
Now, Using equation (i)
16,720 = 20,000 {(100 -12)/100} × {(100 - x)/100}
16,720 = 20,000 × 88/100 × {(100 - x)/100}
16,720 = 2 × 88 × (100 - x)
100 - x = 95
x = 100 - 95
x = 5
Hence the required discount percentage is 5 %.