To find the final selling price (SP) of the refrigerator after successive discounts, we first calculate the price after the initial discount and then apply the second discount to that reduced price.
Given:
The first discount is 15% on the marked price.
Discount Amount 1 = $MP \times \frac{15}{100}$
Discount Amount 1 = $25000 \times \frac{15}{100} = ₹3750$
Price after 1st Discount = $MP - \text{Discount Amount 1}$
Price after 1st Discount = $25000 - 3750 = ₹21250$
The second discount of 12% is applied to the price calculated after the first discount (₹21,250).
Discount Amount 2 = Price after 1st Discount $\times \frac{12}{100}$
Discount Amount 2 = $21250 \times \frac{12}{100} = ₹2550$
Final Selling Price (SP) = Price after 1st Discount - Discount Amount 2
SP = $21250 - 2550 = ₹18700$
The final selling price can also be calculated directly:
SP = $MP \times (1 - \frac{d_1}{100}) \times (1 - \frac{d_2}{100})$
SP = $25000 \times (1 - \frac{15}{100}) \times (1 - \frac{12}{100})$
SP = $25000 \times (1 - 0.15) \times (1 - 0.12)$
SP = $25000 \times 0.85 \times 0.88$
SP = $25000 \times 0.748$
SP = $₹18700$
Therefore, the final selling price of the refrigerator is ₹18,700.
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The marked price of an article is Rs. 240. A shopkeeper sells it by allowing 18% discount on its marked price and still gains 23%. What is the cost price (in Rs.) of the article?
Three shopkeepers A, B and C marked on an identical article at Rs. 4820. A, B and C sold their article on successive discounts of 20% and 20%; 25% and 15%; 30% and 10% respectively. Which shopkeeper gives the maximum discount and how much (in Rs.)?
Find a single discount percentage equivalent to successive discounts of 10%, 20% and 25%.