The list price of a fan is Rs. 4,500 and it is sold at a 15% discount. If its final selling price, after allowing a second discount percentage on the list price, is Rs. 3,213, then the second discount percentage is:

Explanation

Given: List price of a fan = Rs. 4.500 First discount percentage = 15% Final selling price = Rs. 3,213 Formula used: Discount = MP - SP Discount = (MP -SP)/MP × 100 MP = Market Price SP = Selling Price Calculation: MP = Rs. 4500 Discount = 15% Initial selling price = 4500 × 15/100 ⇒ 3825 Final selling price = Rs. 3213 Discount = 3825 - 3213 ⇒ 612 Second Discount percentage = (612/3825)× 100 ⇒ 16% ∴ The correct answer is 16% . Shortcut Trick: Discount = 15% MP = 4500 ⇒ 20 = 4500 (15% = 3/20) ⇒ 1 = 225 Initial SP = 225 × 17 = 3825 Discount = 3835 - 3213 ⇒ 612 Second discount percent = (612/3825)× 100 ⇒ 16% Important Points: List price is nothing but market price.