A shopkeeper offers 25% discount on all table lamps. He offers a further discount of 8% on the reduced price to those customers who pay cash. What does a customer have to pay in cash for a table lamp of ₹2,500?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹ 1,725
Given:
Marked price = ₹ 2500
1st Discount = 25%
2nd discount = 8%
Formula used:
Selling price = Marked price - Marked price × Discount% ---- (1)
Calculations:
Using equation (1), we get
Selling price after 25% discount, we get
⇒ Selling price = 2500 - 2500 × 25%
⇒ ₹ 1875
Final Selling price after 8% discount
⇒ 1875 - 1875 × 8%
⇒ ₹ 1725