A shopkeeper offers two schemes, the first being a single discount of 30%, and the second being two successive discounts of 25% and 5%. What is the difference (in ₹) in the discounts of both the schemes if the customer did the shopping of ₹5,000 each in both the schemes?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 62.50.
30% of 5000 = 1500
So, discount = ₹1500
Two successive discounts of 25% and 5%
First discount: 25% of 5000 = 1250 → Price becomes 5000 - 1250 = 3750
Second discount: 5% of 3750 = 187.50 → Final price = 3750 - 187.50 = 3562.50
So, discount = 5000 - 3562.50 = ₹1437.50
Difference in discounts = 1500 - 1437.50 = ₹62.50