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The list price of a digital electronic watch is Rs. 1000. A customer gets two successive discounts on the list price, the 1st being of 15%. Calculate the 2nd discount, if the customer pays Rs. 697 for it.
  • a)
    14%
  • b)
    15%
  • c)
    18%
  • d)
    16%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The list price of a digital electronic watch is Rs. 1000. A customer g...
Given, Marked price = Rs. 1000
After allowing 15%,
Selling price = 1000 – 0.15 × 1000 = 0.85 × 1000 = 850
Let, A successive discount of x% is allowed,
Selling price becomes = 850 – (x/100) × 850
According to the question,
850 – (x/100) × 850 = 697
⇒ 850 (1 – x/100) = 697
⇒ 1 – x/100 = 41/50
⇒ 1 – 41/50 = x/100
⇒ 9/50 = x/100
⇒ x = 900/50 = 18%
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The list price of a digital electronic watch is Rs. 1000. A customer gets two successive discounts on the list price, the 1st being of 15%. Calculate the 2nd discount, if the customer pays Rs. 697 for it.a)14%b)15%c)18%d)16%Correct answer is option 'C'. Can you explain this answer?
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