A coffee maker with a marked price of Rs. 4,500 is available on successive discounts of 20%, 10%, and 5%. Find the selling price of the coffee maker.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 3,078
Given that
The marked price of a coffee maker is Rs. 4500
The successive discounts of 20%, 10% and 5%
According to the question
Selling price = Marked Price × (100 - 20)/100 × (100 - 10)/100 × (100 - 5)/100
= 4500 × (80)/100 × (90)/100 × 95/100
= Rs. 3078