On a machine there is 10% trade discount on the marked price of Rs 2,50,000. But the machine is sold at Rs 2,16,000 after giving a cash discount. How much is this cash discount (in %)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2, i.e. 4
MP of machine = Rs 250000
After 10% trade discount, price of a machine = 250000 × 90/100 = Rs 225000
Cash discount % = (225000 - 216000/225000) × 100 = 4%