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Question : A shopkeeper gives two successive discounts of 7% each on the marked price of Rs. 20,000 of an article. The selling price of the article is:

Option 1: Rs. 12,978

Option 2: Rs. 19,278

Option 3: Rs. 18,927

Option 4: Rs. 17,298


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: Rs. 17,298


Solution : Marked price = Rs. 20,000
Successive discounts are 7% and 7%.
Selling price = $(100-D_1)\% \text{ of } (100-D_2)\% \text{ of } \text{MP}$, where D 1 and D 2 are discount percentage and MP is the marked price.
So, the selling price = 93% of 93% of Rs. 20,000 = $\frac{93 × 93 × 20000}{100 × 100}$
= 93 × 93 × 2
= Rs. 17,298
Hence, the correct answer is Rs. 17,298.

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