Question
Download Solution PDFAn article is listed at ₹1,200. A customer pays ₹972 for it after getting two successive discounts. If the rate of the first discount is 10%, then the rate of the second discount is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven data:
Listed price = ₹1,200
After discounts, price paid = ₹972
Rate of the first discount = 10%
Concept Used:
Successive discounts imply a discount on the discounted price.
So, after the first discount,
the price becomes (100% - 10%) of the original price.
The second discount is applied to this price.
Calculation:
⇒ Price after the first discount = 1,200 × (1 - 10/100) = ₹1,080
⇒ Second discount rate = (1 - 972/1080) × 100% ≈ 10%
Hence, the rate of the second discount is approximately 10%.
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