Question
Download Solution PDFA trader sells the article after two successive discounts of 31% and 32% respectively. If the marked price of the article is Rs. 31300, find the selling price.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (MP) = ₹ 31300
First Discount = 31%
Second Discount = 32%
Formula Used:
Selling Price (SP) = MP × (1 - Discount1/100) × (1 - Discount2/100)
Calculations:
SP = 31300 × (1 - 31/100) × (1 - 32/100)
⇒ SP = 31300 × 0.69 × 0.68
⇒ SP = 14685.96
∴ The selling price of the article is ₹ 14685.96.
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