An item marked at ₹3,550 is offered at K% discount for ₹3,124. If the discount offered is reduced to (K -4)% then at what price will be the item be available to customers?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹3,266.
Selling Price = MP × (1 − K/100) ⇒ 3124 = 3550 × (1 − K/100)
(1 − K/100) = 3124/3550 = 0.88 ⇒ K/100 = 1 − 0.88 = 0.12 ⇒ K = 12
So, original discount = 12%
New discount = 12 − 4 = 8%
New Selling Price = 3550 × (1 − 8/100) = 3550 × 0.92 = ₹3,266