Question : The marked price of a geyser is INR 9,400 and the shopkeeper allows a discount of 4% on it. Find the selling price of the geyser.
Option 1: INR 9,024
Option 2: INR 9,124
Option 3: INR 9,324
Option 4: INR 9,224
Correct Answer: INR 9,024
Solution :
MP = INR 9,400
Discount = 4%
$SP = MP - \frac{\text{MP × Discount rate}}{100}$
where SP is the selling price and MP is the marked price
SP = $9400 – 9400 \times \frac{4}{100}= 9400 – 376 = 9024$
Hence, the correct answer is INR 9,024.
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