The marked price of an article of Rs. 5320. It is subject to two successive discounts, the first being 15% and the second at a rate of 20% of the first. What is the selling price (to nearest Rs.) of the article?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 4386.
SP of the article after a discount of 15%
SP = 5320 × 85/100 = 4522
Next discount = 20% of 15% = 3%
SP after the discount of 3% = 4522 × 97/100 = 4386.