A bag is listed at Rs. 1,500 and a discount of 20% is offered. if the customer wanted to get the bag at a net price of Rs. 1104, what additional discount must be offered to the customer?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 8%.
The marked price of the bag = 1500
Discount = 20%
Then price = Marked price × (100 - discount)/100
= 1500 × (100 - 20)/100
= 1200
the customer wanted to get the bag at a net price of Rs. 1104
So, the additional discount = 1200 - 1104 = 96
So, the discount % = discount/Price × 100
= 96/1200 × 100
= 8%