Question : The marked price of the watch was INR 96,000. A man bought the same watch for INR 67,584 after getting two successive discounts. If the first discount was 12%, what was the quantum of the second discount?
Option 1: 20%
Option 2: 15%
Option 3: 10%
Option 4: 25%
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Correct Answer: 20%
Solution :
The marked price of the watch = INR 96,000
After 1st discount of 12% = $\frac{88}{100}\times96000= 84480$
Purchased price = INR 67,584
2nd discount = 84480 – 67584 = 16896
$\therefore$ Discount percentage = $\frac{\text{Discount}}{\text{Previous price}}\times100= \frac{16896}{84480}\times100= 20$%
Hence, the correct answer is 20%.
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