Question : A dealer marks a washing machine for Rs. 7,500 and allows a discount of 6% on it. Find its selling price.
Option 1: Rs. 6,850
Option 2: Rs. 7,050
Option 3: Rs. 7,250
Option 4: Rs. 6,950
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Correct Answer: Rs. 7,050
Solution :
Marked price = Rs. 7500
Discount = 6%
The selling price = $\frac{100-D_1}{100}\times \text{MP}$, where D
1
is the discount percentage and MP is the marked price.
So, Selling price = 94% of Rs. 7500
= $\frac{94 × 7500}{100}$
= 94 × 75
= Rs. 7,050
Hence, the correct answer is Rs. 7,050.
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