Question

An article was subject to three successive discounts, whereby a customer had to pay 2,366.8 less than the marked price of 12,500. If the rates of the first two discounts were, respectively, 12% and 6%, then what was the rate percentage of the third discount?

• A. 3.6
• B. 2
• C. 3
• D. 2.5

Answer 1

Answer:

B. 2

SP = 12500 - 2366.8 = 10133.2 Price after two discounts = 12500 × 22/25 × 47/50 = 10340 Last discount amount = 10340 - 10133.2 = 206.8 Discount% = (206.8/10340) × 100 = 2%