A shopkeeper wanted to sell ₹2,700 worth of products. But he had two options — giving two successive discounts of 10% and 15%, respectively, or giving a single discount of 25%. What was the difference between the two options?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs 40.50
If he gives a discount of 25%, then Selling Price would be = (3/4) × 2700 = Rs 2025
If he gives two successive discounts of 10% and 15%, then the net discount given by him would be = 10 + 15 - {10 × 15}/100 = 25 - 1.5 = 23.5%
Difference between two discounts = 25% - 23.5% = 1.5%
⇒ 1.5% of 2700 = 40.50