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Question : A trader allows a 20% trade discount and a 30% cash discount. If the list price is INR 1,200, the selling price (in INR) is:

Option 1: 627

Option 2: 720

Option 3: 762

Option 4: 672


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: 672


Solution : List Price = INR 1200
Selling Price = $\frac{100-Discount_1\%}{100}× \frac{100-Discount_2\%}{100}×$ Marked Price
⇒ Selling Price = $\frac{80}{100}× \frac{70}{100}×$ 1200 = INR 672
Hence, the correct answer is 672.

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