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The marked price of a TV is Rs. 18500. A dealer allows two successive discounts of 20% and 5%. For how much is the TV available?

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Best answer

Market Price = Rs.18500 

First Discount = 20% 

Second Discount = 5% 

The formula for total discount in case of successive discounts:

If the first discount is x% and 2nd discount is y% then, 

Total Discount =

\([(x\,+\,y)-\frac{xy}{100}]\%\)

\([(20\,+\,5)-\frac{20\,\times\,5}{100}]\%\)

\((25-\frac{100}{100})\%\)

Discount = (24% of Rs.18500) 

= Rs.4440 

Selling Price = Market Price – Discount 

= 18500 – 4440 

= Rs.14060

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