After deducting 25% from the marked price, the item's selling price is ₹7,200. If the discount is raised to 30%, what will the selling price be?
Show answer & explanation
Correct answer: A
Explanation
Given:
Selling price after 25% discount = ₹7200
Formula:
Selling price = Marked price × (1 − Discount/100)
7200 = M × 0.75
M = 7200 / 0.75 = 9600
Now at 30% discount
New selling price = 9600 × (1 − 30/100) = 6720
New selling price = ₹6720