What is the selling price of a dress that has a marked price of Rs. 500 and is given a 20% discount and subsequently a 10% discount?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs. 360
The effective rate of successive discount = X + Y - (XY)/100
Effective rate of successive discount= [20 + 10 - (20 × 10)/100] = 28%
Selling Price = (100 - 28) = 72% of Marked Price
S.P = M.P × 72%
S.P = 500 × 72/100 = Rs. 360