Question : An electronic store owner allows two successive discounts of 20% and 25% on each item. The store has a reward points scheme that enables a customer to get free shopping worth INR 0.10 on every 1 reward point credited to the customer's account on previous purchases from the store. A customer decides to buy a laptop that is marked at INR 72,000. What will be its net selling price if he has 2850 reward points to his credit?
Option 1: INR 43,200
Option 2: INR 42,915
Option 3: INR 42,215
Option 4: INR 42,942
Correct Answer: INR 42,915
Solution :
The first discount is 20% on the marked price.
Price after the first discount = 80% × marked price = 0.8 × 72,000 = INR 57,600
The second discount is 25% on the price after the first discount.
Price after the second discount = 75% × price after first discount = 0.75 × 57,600 = INR 43,200
The customer has 2850 reward points and each point is worth INR 0.10.
Value of reward points = number of reward points × value of each point = 2850 × 0.10 = INR 285
Net selling price = price after the second discount – value of reward points = 43,200 – 285 = INR 42,915
Hence, the correct answer is INR 42,915.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
