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An item is priced at Rs. 300. If discounts of 15% and 10% are applied successively, what will be the final selling price?
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Solution: Step 1: List price = Rs.300 Step 2: First discount = 15% of Rs.300 = 0.15 * 300 = Rs.45 Step 3: Price after first discount = 300 - 45 = Rs.255 Step 4: Second discount = 10% of Rs.255 = 0.10 * 255 = Rs.25.50 Step 5: Price after second discount = 255 - 25.50 = Rs.229.50 Step 6: Therefore, the final selling price is Rs.229.50.
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