Question : An item is offered for sale at Rs. 250, less by successive discounts of 20% and 15%. The sale price of the item is:
Option 1: 82% of Rs. 250
Option 2: 77% of Rs. 250
Option 3: 68% of Rs. 250
Option 4: 65% of Rs. 250
Correct Answer: 68% of Rs. 250
Solution :
Single equivalent discount = $(x+y-\frac{xy}{100}$)% where $x$ and $y$ are two successive discounts.
Total Discount = $(20+15-\frac{20×15}{100}$)%
= 35 – 3
= 32%
So, the required Selling Price = (100 – 32)% of Rs. 250 = 68% of Rs. 250
Hence, the correct answer is '68% of Rs. 250'.
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