A bronze article having a marked price of ₹1,000 is sold during a festive season sale after three successive discounts of 20%. 30% and 10%. What will be the amount (in ₹) to be paid by a customer if she buys the article during the festival season?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 504.
Marked price = ₹1,000
Discounts = 20%, 30%, and 10%
After a 20% discount:
Price after first discount = 1000 × (1 - 0.20)
⇒ 1000 × 0.80 = 800
After a 30% discount on ₹800:
Price after second discount = 800 × (1 - 0.30)
⇒ 800 × 0.70 = 560
After a 10% discount on ₹560
Price after third discount = 560 × (1 - 0.10)
⇒ 560 × 0.90 = 504
Thus,
The amount to be paid by the customer is ₹504