A shopkeeper gives two successive discounts of 7% each on

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A shopkeeper gives two successive discounts of 7% each on the marked price of Rs. 20,000 of an article. The selling price of the article is

1. Rs. 12,978
2. Rs. 19,278
3. Rs. 18,927
4. Rs. 17,298

Correct Option: D

Single equivalent discount for two successive discounts of 7% each.

=		7 + 7 −	7 × 7		% = (14 – 0.49)% = 13.51%
			100

Marked price of article = Rs. 20000
∴ Required S.P.
= (100 – 13.51)% of Rs. 20000

= Rs.		20000 × 86.94		= Rs. 17298
		100