A television set has a marked price of ₹ 20,000. It is sold after two successive discounts. If the first discount is 15% and the final selling price is ₹ 15,300, what is the percentage of the second discount?
- AOption (a)
10%
- BOption (b)
12%
- COption (c)
14%
- DOption (d)
15%
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Correct answer
10%
Why this answer is correct
Shortcut Trick
Intermediate Price after 1st discount = ₹20,000 × 85/100 = ₹17,000
Value of 2nd discount = ₹17,000 − ₹15,300 = ₹1,700
Percentage of 2nd discount = (1700 ÷ 17000) × 100 = 10%
∴ The correct answer is 10%.
Alternate Method
Given:
Marked Price (MP) = ₹20,000
First discount = 15%
Final Selling Price (SP) = ₹15,300
Formula Used:
Price after discount = MP × (100 − D%)/100
Discount % = (Discount Amount ÷ Base Price) × 100
₹20,000 Marked Price
− 15%
₹17,000
2nd Discount (−₹1,700)
₹15,300 Selling Price
Calculations:
⇒ Price after 1st discount = 20000 × (100 − 15)/100
⇒ Price after 1st discount = 20000 × 85/100 = ₹17,000
⇒ 2nd discount amount = Price after 1st discount − Final SP
⇒ 2nd discount amount = 17000 − 15300 = ₹1,700
⇒ 2nd discount percentage = (1700 ÷ 17000) × 100
⇒ 2nd discount percentage = 1/10 × 100 = 10%
∴ The correct answer is 10%.
Additional Information
Equivalent Successive Discount
For two successive discounts of a% and b%, the single equivalent discount formula is (a + b − ab/100)%.
Marked Price and Cost Price Relation
MP/CP = (100 + Profit%) ÷ (100 − Discount%). This directly gives the ratio of Marked Price to Cost Price without knowing the Selling Price.
Multiplier Method for Successive Discounts
Final Selling Price = Marked Price × (1 − d1/100) × (1 − d2/100) × ...