An electronic store owner allows two successive discounts of 20% and 25% on each item. The store has a reward points scheme that enables a customer to get free shopping worth ₹0.10 on every 1 reward point credited to the customer’s account on previous purchases from the store. A customer decides to buy a laptop that is marked at ₹72,000. What will be its net selling price if he has 2850 reward points to his credit?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. ₹42,915
Given that
An electronic store owner allows two successive discounts of 20% and 25% on each item.
To get free shopping worth ₹0.10 on every 1 reward point credited on previous shopping
The marked price of a laptop is ₹72000
if he has 2850 reward points to his credit, then 2850 × 0.1 = ₹285 discount
According to the question
Selling price of the laptop after giving discounts of 20% and 25%
S.P. = 72000 × 80/100 × 75/100 = ₹43200
Now, Extra reward points discount of ₹285
Hence, Its net selling price = 43200 - 285 = ₹42,915