The marked price of a TV is ₹ 16000 . After two successive discounts, it is sold for ₹ 11400 . If the first discount is 5 % , then the rate of second discount is
Correct Answer: 25 %
Explanation:
Let the rate of second discount = r %
∴ 11400 = 16000 (1 - 5/100) (1 - r/100)
⇒ (11400/16000) x (20/19) = 1 - r/100
∴ r = 100 x (1 - 0.75) = 25 %
