Question: An item is marked at $120 and is sold at a price of $90 after two successive discounts of 10% and 15%. What is the total discount percentage?
Options:
Correct Answer: 35%
Solution:
First discount = 120 * 10/100 = 12. New price = 120 - 12 = 108. Second discount = 108 * 15/100 = 16.2. Final price = 108 - 16.2 = 91.8. Total discount = 120 - 91.8 = 28.2. Percentage = (28.2/120) * 100 = 23.5%.