Q158
ArithmeticPercentage, Profit & Loss
The marked price of an article is ₹ 1,050. A customer pays ₹ 798 for it with two successive discounts. If the rate of first discount is 20%, the rate of second discount is:
- a.5%
- b.6%
- c.8%
- d.10%
Answer: (A) 5%
After the first 20% discount the price is 1050 × 0·8 = ₹ 840. The second discount takes it from ₹ 840 to ₹ 798, a cut of ₹ 42, which is 42 ÷ 840 = 5%. A 6% or larger second discount would take the price below ₹ 798.