The marked price of an article is ₹ 500. It is sold on two successive discounts of 20% and 10%. The selling price of that article is

₹ 350
₹ 375
₹ 360
₹ 400

Correct Answer: ₹ 360

Explanation:

∵ Marked price of an article = ₹ 500
The selling price of article after discount 20% and 10%
= 500 x {(100 - 20) / 100} x {(100 - 10) / 100}
= 500 x (80/100) x (90/100)
= ₹ 360

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