The marked price of a TV is Rs. 18500. A dealer allows two successive discounts of 20% and 5%. For how much is the TV available?
Market Price = Rs.18500
First Discount = 20%
Second Discount = 5%
The formula for total discount in case of successive discounts:
If the first discount is x% and 2nd discount is y% then,
Total Discount =
= 24%
Discount = (24% of Rs.18500)
= Rs.4440
Selling Price = Market Price – Discount
= 18500 – 4440
= Rs.14060
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