An umbrella is listed at Rs 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the costumer to bring the net price to Rs 1104?
Marked price of umbrella = Rs. 1500
After a discount of 20%,
Selling price of the umbrella = Rs. (1500 × 80/100) = Rs. 1200
Difference from the required selling price = Rs. (1200 – 1104) = Rs. 96.
Let a discount of x% is required on the umbrella to make its selling price which is required,
x% of 1200 = 96
⇒ 1200 × x/100 = 96
⇒ x = 8%
Hence, a second discount of 8% is required on selling the umbrella.