Question : A shopkeeper offers a 15% discount on all plastic toys. He offers a further discount of 4% on the reduced price for those customers who pay cash. What does a customer have to pay in cash for a toy worth Rs. 200?
Option 1: 133.70
Option 2: 129.80
Option 3: 163.20
Option 4: 153.30
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Correct Answer: 163.20
Solution :
Marked price = Rs. 200
Successive discounts of 15% and 4% are given.
Selling price = Marked price × $\frac{100-D_1}{100}$×$\frac{100-D_2}{100}$ where D1 and D2 are two discount percentages.
⇒ Selling price = 200×$\frac{85}{100}$×$\frac{96}{100}$ = Rs. 163.2
The selling price of the toy is Rs. 163.20
Hence, the correct answer is Rs. 163.20.
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