Question : A shopkeeper offers a cash discount of 85 first and then two successive discounts of 10% and 2% on the remaining price of a fan. If the marked price of the fan is Rs. 1,285, then what is its selling price (in Rs.)?
Option 1: 1058.4
Option 2: 1000.4
Option 3: 958.4
Option 4: 1100
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Correct Answer: 1058.4
Solution :
Given, the marked price of the fan = Rs. 1285
Price of the Fan after cash discount = Rs. 1285 – Rs. 85 = Rs. 1200
The new marked price of the fan = Rs. 1200
Price of the Fan after 1st discount = 1200 – 10% of 1200 = 1200 – 120 = Rs. 1080
The newly marked price of the fan = Rs. 1080
Price of the Fan after 2nd discount = 1080 – 2% of 1080 = 1080 – 21.6 = Rs. 1058.4
So, the selling price of the fan is Rs. 1,058.4
Hence, the correct answer is 1,058.4.
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