A shopkeeper marked an article at ₹5,000. The shopkeeper allows successive discounts of 20%,15% and 10%. The selling price of the article is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. ₹3,060.
The marked price is ₹5,000
After a 20% discount
Price after discount = 5000 × (1 - 20/100) = 5000 × 0.8 = ₹4000
After a 15% discount
Price after discount = 4000 × (1 - 15/100) = 4000 × 0.85 = ₹3400
After a 10% discount
Price after discount = 3400 × (1 - 10/100) = 3400 × 0.9 = ₹3060
Thus,
The selling price of the article is ₹3060