Find the selling price of an article after two successive discounts of 10% and 15% if the marked price is Rs. 2000
Given-
To find- Selling price
Solution - Using formula, Net Discount % = First Discount + Second Discount – (First × Second ÷ 100)
Net Discount = 10 + 15 – (10 × 15 ÷ 100) = 25 – 1.5 = 23.5%
Marked Price = Rs.2000 , Net Discount = 23.5%
So, Selling Price = 2000 × (100 – 23.5) ÷ 100 = (2000 × 76.5) ÷ 100 = Rs.1530