Question
Download Solution PDFThe marked price of an item ₹ 25,000. Under a scheme, successive discounts of 10% and 8% are given on it. Find the total discount given while selling the item under the given scheme.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked price of the item = ₹ 25,000
Successive discounts = 10% and 8%
Formula Used:
Total Discount = Marked Price - Selling Price
Selling Price after successive discounts = Marked Price × (1 - Discount1) × (1 - Discount2)
Calculation:
Selling Price = ₹ 25,000 × (1 - 0.10) × (1 - 0.08)
⇒ Selling Price = ₹ 25,000 × 0.90 × 0.92
⇒ Selling Price = ₹ 25,000 × 0.828
⇒ Selling Price = ₹ 20,700
Total Discount = Marked Price - Selling Price
⇒ Total Discount = ₹ 25,000 - ₹ 20,700
⇒ Total Discount = ₹ 4,300
The correct answer is option 1.
Last updated on Jun 2, 2025
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