Question : The marked price of an item was Rs. 480 but the shopkeeper offered a discount of 5%. At what price does he finally sell the item?
Option 1: Rs. 435
Option 2: Rs. 450
Option 3: Rs. 466
Option 4: Rs. 456
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Correct Answer: Rs. 456
Solution : Selling price = Marked price – Discount ⇒ Selling price = 480 – ($\frac{5}{100}$ of 480) ⇒ Selling price = Rs. 456 Therefore, the item is finally sold at Rs. 456. Hence, the correct answer is Rs. 456.
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