The marked price of a watch was Rs.7200. A man bought the same for Rs.5508 after getting two successive discounts, the first being 10%.
What was the second successive discount rate?
15%
Let the second discount rate be x%.
Then, (100−x)% of 90% of 7200=5508
⇒(100−x)100×90100×7200=5508⇒(100−x)=(550809×72)=85⇒x=15
∴ Second successive discount rate = 15%