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%
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%.
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