An item is marked Rs. $1{,}000$. A customer is offered two successive discounts of $20\%$ and $5\%$. What is…

An item is marked Rs. $1{,}000$. A customer is offered two successive discounts of $20\%$ and $5\%$. What is the final selling price?
  1. Rs. $750$
  2. Rs. $760$
  3. Rs. $770$
  4. Rs. $800$

Solution

SP $= 1000 \times 0.80 \times 0.95 = 1000 \times 0.76 = 760$.

Asked in: IMO

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