The marked price of a machine is ₹16,000. The shopkeeper gives two successive discounts of 15% and N% to the customer. If the customer paid ₹12,240 for the machine, the value of N is:
10%
After the first 15% discount, the price is \(16000\times0.85=13600\).
The customer paid ₹12,240, so the second discount factor is \(\dfrac{12240}{13600}=0.9\), meaning a 10% discount.
Hence, the value of N is 10%.
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Important Questions from Discount and MP
A single discount equivalent to two successive discounts of 15% and 25% is:
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