Question : A dealer offers a 45% discount on a packet. She offers a further discount of 25% on the reduced price on cash payment. What does a customer have to pay for the packet of INR 2,800, in cash, to avail of both discounts?
Option 1: INR 1,480
Option 2: INR 1,350
Option 3: INR 1,155
Option 4: INR 1,230
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Correct Answer: INR 1,155
Solution :
Cost price = INR 2,800
First discount = 45%
Second discount = 25%
Reduced price after second discount = 2800 × $\frac{100-45}{100}$×$\frac{100-25}{100}$
= 2800 × $\frac{55}{100}$×$\frac{75}{100}$
= INR 1155
Hence, the correct answer is INR 1,155.
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