A pair of successive discounts of $25\%$ and $20\%$ on an item marked Rs. $2{,}000$ gives a selling price of

A pair of successive discounts of $25\%$ and $20\%$ on an item marked Rs. $2{,}000$ gives a selling price of
  1. Rs. $1{,}100$
  2. Rs. $1{,}200$
  3. Rs. $1{,}250$
  4. Rs. $1{,}300$

Solution

Net factor $= 0.75 \times 0.80 = 0.60$. SP $= 2000 \times 0.60 = 1200$.

Asked in: IMO

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