The list price of a product is Rs 140 and a customer buys it for Rs 110 after two successive discoun...........

Quantitative Aptitude (CDS) Profit and loss

The list price of a product is Rs. 140 and a customer buys it for Rs. 110 after two successive discounts. If the first discount is 10%, then the second discount is?

16.2%

14.8%

12.6%

12%

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Explanation:

SP of a discount of 10% = (140×90)/100 = Rs.126
Second discount = 126-110
= Rs.16
If the second discount be x% then,
(126×x)/100 = 16
x = (16×100)/126
x = 12.6%