30 Views

Question : On an item, there is an 18% discount on the marked price of INR 26,000. After giving an additional season's discount, the item is sold at INR 16,000. How much was the season's discount correct up to two places of decimal?

Option 1: 22.45%

Option 2: 24.95%

Option 3: 24.65%

Option 4: 35.25%


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 7th Jan, 2024

Correct Answer: 24.95%


Solution : Marked price = INR 26,000
Amount discounted = 18% of 26000 = 0.18 × 26000 = INR 4680
Final price = 26000 – 4680 = INR 21320
Selling price = INR 16000
Additional amount discounted = 21320 – 16000 = 5320
Additional discount = $\frac{5320}{21320}×100=24.95\%$
Hence, the correct answer is 24.95%.

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