Question

A trader allows two successive discounts of 20% and 10% on an item marked Rs.500. Then the selling price is:

• A. Rs.340
• B. Rs.360
• C. Rs.370
• D. Rs.390

Hint:

For successive discounts, multiply remaining percentages: $0.8 \times 0.9$.

Answer 1

The Correct Option is B

Concept: Successive discounts are applied one after another.
Step 1: Apply first discount (20%).
\[ {Price} = 500 \times 0.8 = 400 \]
Step 2: Apply second discount (10%).
\[ {Price} = 400 \times 0.9 = 360 \]
Hence, the selling price is Rs.360.