The marked price of a fancy toy is ₹30,000. It is to be sold allowing two successive discounts of 20% and 24%, respectively. On cash payment, an additional 10% discount on the net price is also given. The selling price (in ₹) of the toy is:
- A16416
- B16520
- C17280
- D18350
Solution & Step-by-step Explanation
Marked Price (MP) = ₹30,000
The final selling price after all three successive discounts (20%, 24%, and cash discount of 10%) can be computed directly:
Selling Price=MP×(1−
100
20
)×(1−
100
24
)×(1−
100
10
)
Selling Price=30000×0.80×0.76×0.90
Selling Price=30000×
100
80
×
100
76
×
100
90
Selling Price=3×8×76×9
Selling Price=24×684=16416
The selling price of the toy is ₹16,416.
The final selling price after all three successive discounts (20%, 24%, and cash discount of 10%) can be computed directly:
Selling Price=MP×(1−
100
20
)×(1−
100
24
)×(1−
100
10
)
Selling Price=30000×0.80×0.76×0.90
Selling Price=30000×
100
80
×
100
76
×
100
90
Selling Price=3×8×76×9
Selling Price=24×684=16416
The selling price of the toy is ₹16,416.