A seller offers a discount of 12% if the total sale price of different products purchased by a single customer is below ₹3,000, and discount of 15% if the total sale value of all the products exceeds ₹3,000. A shirt costing ₹900 was sold to Anand after earning a margin of 9% and also a jacket costing ₹1,900 was sold to him after a margin of 6%. How much does Anand have to pay (in ₹) for the final settlement of the bill?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2,635.60
Shirt:
Cost Price = ₹900
Profit Margin = 9%
⇒ Selling Price = Cost Price × (1 + Profit Margin/100) = ₹900 × (1 + 9/100) = ₹981
Jacket:
Cost Price = ₹1900
Profit Margin = 6%
⇒ Selling Price = Cost Price × (1 + Profit Margin/100) = ₹1900 × (1 + 6/100) = ₹2014
⇒ Total Selling Price = Selling Price of Shirt + Selling Price of Jacket = ₹981 + ₹2014 = ₹2995
⇒ Since the total selling price (₹2995) is less than ₹3000, a 12% discount will be applied.
⇒ Discount = Total Selling Price × (Discount Percentage/100) = ₹2995 × (12/100) = ₹359.40
⇒ Final Amount = Total Selling Price - Discount = ₹2995 - ₹359.40 = ₹2635.60
Therefore, Anand has to pay ₹2635.60 for the final settlement of the bill.