The marked price of a revolving chair is ₹15,000. It is available on two successive discounts of 20% and 12%. What is its selling price (in ₹)?

Correct option is B

Given:

Marked Price (MP) = ₹15,000

First Discount = 20%

Second Discount = 12%

We need to find the Selling Price (SP).

Formula Used:

Discounted Price = $$\text{Original Price} \times \left(1 - \frac{\text{Discount}}{100}\right)$$​​

Solution:

Applying the formula:

Selling Price after discounts:

= $$15000 \times \frac{80}{100} \times \frac{88}{100}$$​​

= $$15 \times 8 \times 88$$​​

= 10,560

Thus, the selling price is ₹10,560