Explanation:

Here's the breakdown for calculating the net selling price after applying the successive discounts:

- Start with the marked price: Rs 4,88,000.

- Apply the first discount of 10%:

$\text{Price after 10\% discount}=4,88,000-(0.10\times 4,88,000)=4,39,200$.

- Apply the second discount of 5%:

$\text{Price after 5\% discount}=4,39,200-(0.05\times 4,39,200)=4,17,240$.

- Apply the third discount of 2%:

$\text{Net selling price}=4,17,240-(0.02\times 4,17,240)=4,08,895.2$.

$$\text{\( \color{green}{\text{ Your Answer}}\) is \textbf{Rs 4,08,895.2}. Option 4}} $$

- Options:

- Option 1: Rs 5,08,895.2 - Incorrect, higher than the marked price.

- Option 2: Rs 4,49,895.06 - Incorrect, because calculation steps described don't lead to this.

- Option 3: Rs 4,18,895.45 - Incorrect, close but not quite.

- Option 4: Rs 4,08,895.2 - The right option.