What is the selling price of a calculator if a shopkeeper allows two successive discounts of 7% each on its marked price of ₹500?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. ₹432.45.
Marked Price (MP) = ₹500
SIngle discount of two successive discount = x + y + xy/100
-7 - 7 + 49/100 = -14 + 0.49 = -13.51 [negative sign shows discount]
Price after 13.1 discount = 500 × = ₹432.45