On an item there is 8% discount on the marked price of ₹32,000. After giving an additional season’s discount, the item is sold for ₹25,000. How much is the season’s discount (in %)? (Correct to two places of decimal)
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 15.08%.
Marked Price = ₹32,000
After 8% discount:
Selling Price = 32000 × (1 - 8/100) = ₹29,440
Now, after season’s discount, final price = ₹25,000
So, season’s discount % = [(29440 - 25000) / 29440] × 100
= (4440 / 29440) × 100 ≈ 15.08%