A shopkeeper offers his customers a discount of 10%. On an item marked at a price of Rs 400, which was a little damaged, he offered an additional discount of 10%. At what price (in RS) is the item available to the customer?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 324
MP of the item = Rs. 400
Discount % for 1st and 2nd = 10%
Selling Price = Marked Price - (MP × Discount%)
Price after 1st discount = 400 - (400 × 10%) = 360
Price after 2nd discount = 360 - (360 × 10%) = 324
The cost price of the customers after two discounts = Rs. 324