Question : The marked price of the item was INR 5,000. While selling the item, the seller offered successive discounts of 15% and 5%. What was the final selling price of the item?
Option 1: INR 4,730
Option 2: INR 4,370.50
Option 3: INR 4,250
Option 4: INR 4,037.50
Correct Answer: INR 4,037.50
Solution :
Marked price of the article = INR 5000
Two successive discounts are 15% and 5%.
Selling Price = Marked Price – Marked Price × Discount%
Price after 1st discount = $5000-5000 \times \frac{15}{100}$
= INR 4250
Price after 2nd discount = $4250 -4250 \times \frac{5}{100}$
= INR 4,037.50
$\therefore$ The required selling price after discounts is INR 4,037.50
Hence, the correct answer is INR 4,037.50.
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