A marked price of a watch is Rs. 1,600. After giving two successive discounts, it is sold for Rs. 1,224. If the first discount is 10%, find the second discount rate.
A12%
B15%
C18%
D20%
Explanation
Price after 1st discount = 1600 * 0.90 = Rs. 1,440. Second discount amount = 1440 – 1224 = Rs. 216. Second discount rate = (216 / 1440) * 100 = 15%.
Exam Relevance
- Topic: Profit and Loss
- Subtopic: Successive Discounts
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