The marked price of an article is Rs. 800. A retailer buys it for Rs. 540 after getting two successive discounts. The first discount is 25%. What is the second discount?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 10%
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The marked price of the article = Rs. 800 First discount = 25% Net price after the first discount = 800 - (800 × 0.25) = 600 But after this, a second discount is also offered to the retailer and finally, the retailer pays Rs. 540 for that article. Second discount = 600 – 540 = Rs. 60 Percentage of the second discount = (60/600) × 100 = 10% |