On an item having a marked price of ₹500, Ravi was offered successive discounts of 36% and 5%, respectively, while Prabhat was offered a single discount of 40%. Who paid more for the item and by how much?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Ravi, ₹4.
Ravi paid = 500 × (64/100) × (95/100) = 304
Prabhat paid = 500 × (60/100) = 300
Differnce = 304 - 300 = 4
Therefore, Ravi paid more for the item by ₹4.