Question : A discount of 10% is offered on the price of an article if the payment is made online. An additional discount of 5% is given to credit card holders. A person wishes to buy a watch priced at INR 60,000 by paying online through a credit card. How much does he need to pay (in INR)?
Option 1: 51,300
Option 2: 53,100
Option 3: 61,250
Option 4: 62,150
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Correct Answer: 51,300
Solution :
The initial price of the watch is INR 60,000.
Final Price = Original Price × (1 – $\frac{\text{Discount1}}{100}$) × (1 – $\frac{\text{Discount2}}{100}$)
⇒ Final Price = 60,000 × (1 – $\frac{\text{10}}{100}$) × (1 – $\frac{\text{5}}{100}$)
⇒ Final Price = 60,000 × ($\frac{\text{9}}{10}$) × ($\frac{\text{19}}{20}$)
$\therefore$ Final Price = INR 51,300
Hence, the correct answer is 51,300.
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