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
Given that
Marked Price (M.P.) = Rs. 500
Discount (D)= 20% and 10%
Formula used
Selling price = M.P. × (100 - D)/100
Calculation
Selling price = 500 × (100 - 20)/100 × (100 - 10)/100
S.P. = 500 × 80/100 × 90/100
S.P. = Rs. 360