11 Views

Question : On the marked price of INR 1,250 of an article, three successive discounts of 5%, 15%, and 20% are offered. What will be the selling price (in INR) after all discounts?

Option 1: 1,000

Option 2: 807.50

Option 3: 975.75

Option 4: 950.25


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: 807.50


Solution : Marked price = INR 1,250
Successive discounts = 5%, 15% and 20%
Selling price = marked price – discount
= (100 – 5)% of (100 – 15)% of (100 – 20)% of 1250
= 95% of 85% of 80% of 1250
= 0.95 × 0.85 × 0.8 × 1250
= INR 807.50
Hence, the correct answer is 807.50.

Know More About

Related Questions

Amity Online MBA
Apply
Apply for an Online MBA from Amity Online.
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books