The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% are allowed, then at what price does a customer buy it?
Rs. 8400
Rs. 8721
Rs. 8856
Rs. 8720
None of these
Actual price =95% of 90% of 85% of Rs.12000
= Rs.(95100×90100×85100×12000)=Rs.8721.
A trader allows successive discounts of 15% and 10% on the marked price of an article. If the marked price is Rs.100, what would be the selling price?