Question

Find the selling price of scarf if seller marked up the price at Rs 7200 and offered two successive discounts of 20% and 10% respectively. 

1. Rs 6200
2. Rs 5184
3. Rs 4253
4. Rs 3215

Answer 1

Correct Answer - Option 2 : Rs 5184

Given:

M.P. = Rs 7200

Discounts = 20% and 10%

Formula used:

S.P. = M.P. × (1 – (Discount/ 100))

Effective discount = a + b – (a × b/ 100)

Here, a and b are successive discounts

Calculation:

Effective discount = 20 + 10 – (20 × 10/ 100)

⇒ Effective discount = 30 – 2

⇒ Effective discount = 28%

S.P. = 7200 × (1 – (28/ 100))

⇒ S.P. = 7200 × (1 – 0.28)

⇒ S.P. = 7200 × 0.72

⇒ S.P. = 5184

∴ Selling price of scarf is Rs 5184