A product priced at INR 500 gets a 20% discount then a 5% tax on the discounted price. What is the final price?
Show answer & explanation
Correct answer: D
Explanation
Original Price = ₹500
Discount = 20%
Tax = 5%
Price after Discount = Original Price × (1 − 20/100)
Final Price = Discounted Price × (1 + 5/100)
Price after Discount = 500 × 0.80 = 400
Final Price = 400 × 1.05 = ₹420