The marked price of a watch is Rs.1600. After two successive discounts it is sold for Rs.1224. If the rate of first discount is 10%, what is the rate of second discount ?
A
10%
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B
12%
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C
15%
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D
20%
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Solution
The correct option is C 15% M.P. = Rs.1600 First discount =10% ∴ Net price after 1st discount =Rs.1600−10%ofRs.1600
=Rs.1600−Rs.160=Rs.1440
S.P.=Rs.1224 ∴ Second discount =Rs.1440−Rs.1224=Rs.216 ∴ Rate of second discount = 2161440×100=15%