A TV is listed at ₹ 15,000 and a discount of 18% is offered on the list price. What additional discount must be offered to the customer to bring the net price of ₹ 10,947?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e.11%.
Given:
Marked price = 15000
First discount = 18%
Final selling price = 10947
Formula used:
Selling price = Marked price - Marked price × Discount% ---- (1)
Calculations:
Selling price after 18% discount
Using equation (1),
Selling price = 15000 - 15000 × 18% = 12300
Final selling price = 12300 - 12300 × x%
⇒ 10947 = 12300 - 123x
⇒ 123x = 12300 - 10947
⇒ 123x = 1353
⇒ x = 11%