Calculate the First Discount Amount

The marked price is $\text{MP} = ₹1924$. The first discount is $d\%$, so the first discount amount in rupees, $D_1$, is given by applying $d\%$ on the marked price.

$D_1 = 1924 \times \frac{d}{100} = 19.24d$

Determine Price After First Discount and Apply Second Discount

After the first discount $D_1$, the intermediate price becomes $1924 - D_1$. A second discount $D_2$ equal in nominal rupee value to $D_1$ is given, so $D_2 = D_1 = 19.24d$. Total discount is $D_1 + D_2 = 2 \times 19.24d = 38.48d$.

$\text{Total Discount} = 2 \times 19.24d = 38.48d$

Set Up Equation for Final Selling Price

Subtracting the total discount from the marked price yields the final selling price of ₹481.

$1924 - 38.48d = 481$

Solve for d

Rearrange the equation to isolate $d$ and compute its exact value.

$38.48d = 1924 - 481 = 1443 \implies d = \frac{1443}{38.48} = 37.5$