The marked price of a revolving chair is ₹15,000. It is available on two successive discounts of 20% and 12%. What is its selling price (in ₹)?

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Accepted Answer

Step 1: Calculate the price after the first discount of 20% on ₹15,000.
Price after first discount = 15000 - (20% of 15000) = 15000 - 3000 = ₹12,000.

Step 2: Calculate the price after the second discount of 12% on ₹12,000.
Price after second discount = 12000 - (12% of 12000) = 12000 - 1440 = ₹10,560.

Therefore, the selling price after two successive discounts is ₹10,560.

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