A trader allows two successive discounts of 5% each on the marked price of a sofa set for Rs. 24,500. The selling price of sofa set is :
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 22,111.25.
Let 100% = mark price ,
A 5% discount means 95% of M.P
S.P = 24500 × 0.95 × 0.95
S.P. = 22111.25