2 Views

Question : A shopkeeper was offering two successive discounts of 20% and 15% on an item whose marked price is INR 1,000, while another shopkeeper was offering a flat 33% discount on the same item. Find the positive difference in the nominal amounts of discounts given by the two shopkeepers on the sale of the item.

Option 1: INR 10

Option 2: INR 900

Option 3: INR 90

Option 4: INR 100


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: INR 10


Solution : The shopkeeper was offering two successive discounts of 20% and 15% on an item whose marked price is INR 1,000
Another shopkeeper was offering a flat 33% discount on the same item
Successive Discount = $x$ + $y$ – $\frac{\text{$x$$y$}}{100}$
The single discount will be = $x$ + $y$ – $\frac{\text{$x$$y$}}{100}$ = 20 + 15 – $\frac{20\times 15}{100}$ = 35 – $\frac{300}{100}$ = 35 – 3 = 32
The single discount will be 32%
Discount = Marked Price $\times \frac{\text{discount}}{100}$ = 1000 $\times \frac{32}{100}$ = INR 320
On offering the discount of 33%.
Discount = Marked Price $\times \frac{\text{discount}}{100}$ = 1000 $\times \frac{33}{100}$ = INR 330
Hence, The positive difference in the nominal amounts of discounts given by the two shopkeepers on the sale of the item will be
= INR 330 - INR 320
= INR 10
Hence the correct answer is INR 10.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books