In a showroom the price of a washing machine is ₹ 65,000. The customer gets cash discount of ₹ 2,000, and gets a scratch card promising percentage discount of 10% to 15%. Determine the difference between the least and the maximum selling prices of the washing machine.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 3150
The old S.P. (Selling Price) was Rs. 65,000.
After a cash discount of Rs.2,000, the S.P. will be Rs. 63,000.
After this, we receive a scratch card which offers a discount on the S.P. from 10% to 15%.
We can have a minimum of 10% and a maximum of 15% discount on our purchase from the scratch card.
Thus the difference between both is
[63,000 - (63,000)(10%)] - [63,000 - (63,000)(15%)]
63,000 - 6,300 - 63,000 + 9450
⇒ Rs. 3150