3 Views

Question : On a deal, the car dealer allowed a 1% discount to a customer. If the discount allowed was Rs. 4000, then what is the selling price of the car?

Option 1: Rs. 388500

Option 2: Rs. 3,80,500

Option 3: Rs. 3,95,600

Option 4: Rs. 3,96,000


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 3,96,000


Solution : Given:
On a deal, the car dealer allowed a 1% discount to a customer, the discount allowed was Rs. 4000.
Let the marked price = 100%
So, 1% is equivalent to Rs. 4000
Now 100% is equivalent to (4000 × 100) = Rs. 4,00,000
So, the marked price (MP) is Rs. 4,00,000
The selling price (SP) = marked price (MP) × $\frac{100-\text{discount percentage}}{100}$
= 4,00,000 × $\frac{100-1}{100}$
= 4,00,000 × $\frac{99}{100}$
= Rs. 3,96,000
Hence, the correct answer is Rs. 3,96,000.

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