The marked price of a bed sheet is ₹500. At the time of its sale, two successive discounts of 10% and 5% are available. Find the selling price (in ₹) of the bed sheet.

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Accepted Answer

Step 1: Calculate the price after the first discount of 10%.
First discount = 10% of ₹500 = (10/100) * 500 = ₹50
Price after first discount = 500 - 50 = ₹450

Step 2: Calculate the price after the second discount of 5% on the new price.
Second discount = 5% of ₹450 = (5/100) * 450 = ₹22.50
Price after second discount = 450 - 22.50 = ₹427.50

Step 3: Verify the options.
The calculated selling price is ₹427.50, which matches option 2.

Therefore, the selling price of the bed sheet after two successive discounts is ₹427.50.

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