Question : What is the difference between a discount of 35% and two successive discounts of 30% and 5% on a bill of INR 10,00,000?
Option 1: INR 15,500
Option 2: INR 15,000
Option 3: INR 14,000
Option 4: INR 16,500
Correct Answer: INR 15,000
Solution :
First discount = 35%
Successive discounts = 30% and 5%
Effective discount = 30 + 5 – $\frac{30 ×5}{100}$ = 35 – 1.5 = 33.5%
Required difference = (35 – 33.5)% of 10,00,000 = $\frac{1.5}{100}×10,00,000$ = 15,000
Hence, the correct answer is INR 15,000.
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