Question
Download Solution PDFThe marked price of a chair is Rs. 1200. This chair is sold at two successive discounts of 30 percent and 20 percent. What is the selling price of chair?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked price of a chair = Rs. 1200
First discount = 30%
Second discount = 20%
Formula Used:
Selling price after successive discounts = Marked price × (1 - First discount) × (1 - Second discount)
Calculation:
First discount = 30% = 30/100 = 0.30
Second discount = 20% = 20/100 = 0.20
Selling price after first discount:
Marked price × (1 - First discount )
⇒ 1200 × (1 - 0.30)
⇒ 1200 × 0.70
⇒ 840
Selling price after second discount:
Selling price after first discount × (1 - Second discount)
⇒ 840 × (1 - 0.20)
⇒ 840 × 0.80
⇒ 672
The selling price of the chair is Rs. 672.
Last updated on Jun 28, 2025
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