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An article is listed at Rs. 920. A customer pays Rs. 742.90 for it after getting two successive discounts. If the rate of first discount is 15%, the rate of 2nd discount is:
Answer & Solution
Correct Answer:
Option
B
MP = 920
After first discount Marked Price (MP) become,
= 920 - 15% of 920 = 782
The Selling Price (SP) = 742.90
Let second discount was x% on 782
782 - x% of 782 = 742.90
$$\frac{{782x}}{{100}}$$ = 39.1
782x = 3910
x = 5%
Second Discount = 5%
Short-Cut
920 == 15%(1st discount)) == 782 == x%↓(2nd discount) ⇒ 742.90
Then,
$$\eqalign{ & x\% = \frac{{\left( {782 - 742.90} \right) \times 100}}{{742.90}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{39.1 \times 100}}{{742.90}} \cr & \,\,\,\,\,\,\,\,\,\,\, = 5\% \cr} $$
Then,
$$\eqalign{ & x\% = \frac{{\left( {782 - 742.90} \right) \times 100}}{{742.90}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{39.1 \times 100}}{{742.90}} \cr & \,\,\,\,\,\,\,\,\,\,\, = 5\% \cr} $$
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Login920-15%of920=782
SP=742.90
DIFFERENCE= 920-742.90=39.10
Now= 39.10/100*782*100=5%