Question : A bag is listed at INR 1,500 and a discount of 20% is offered. If the customer wanted to get the bag at a net price of INR 1,104, what additional discount must be offered to the customer?
Option 1: 8%
Option 2: 4%
Option 3: 5%
Option 4: 10%
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Correct Answer: 8%
Solution :
Given: A bag is listed at INR 1,500 and a discount of 20%.
SP after 1st
discount = $\frac{80}{100}×1500$ = INR 1200
For a net price of INR 1104, the required discount = 1200 – 1104 = INR 96
Required discount% = $(\frac{96}{1200}×100)$% = 8%
Hence, the correct answer is 8%.
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