The marked price of an item was ₹12,500. Two successive discounts of 12% each was offered on its sale. What was the selling price (in ₹) of the item?
- A9680
- B9500
- C9720
- D9620
Solution & Step-by-step Explanation
Given:
Marked Price (MP) = ₹12,500
Successive discounts = 12% and 12%
Selling Price (SP) can be calculated as:
SP=MP×(1−
100
12
)×(1−
100
12
)
SP=12500×
100
88
×
100
88
SP=12500×0.88×0.88
SP=125×88×0.88=11000×0.88=9680
Thus, the selling price of the item was ₹9,680.
Marked Price (MP) = ₹12,500
Successive discounts = 12% and 12%
Selling Price (SP) can be calculated as:
SP=MP×(1−
100
12
)×(1−
100
12
)
SP=12500×
100
88
×
100
88
SP=12500×0.88×0.88
SP=125×88×0.88=11000×0.88=9680
Thus, the selling price of the item was ₹9,680.