A trader allows a 20% trade discount and a 30% cash discount. If the list price is 1,200, then the selling price (in) is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 672
Given that
The list price of the product = Rs. 1200
Discounts given = 20% on trade and 30% on cash
According to the question
The selling price = List price × (100 - 20)/100 × (100 - 30)/100
The selling price = 1200 × 80/100 × 70/100
The selling price =Rs. 672