On an item, there is an 18% discount on the marked price of ₹26,000. After giving an additional season’s discount, the item is sold at ₹16,000. How much was the season’s discount correct upto two places of decimal?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 24.95%
Given:
Marked price = 26000
First discount = 18%
Selling Price = Marked Price × [(100−discount%)/100]
Using the above formula;
Selling price after first discount = 26000 × (100 - 18)/100
⇒ 26000 × 0.82 = 21320
Final selling price = 16000
Discount = 21320 - 16000 = 5320
Discount % = (5320/21320) × 100
⇒ 24.95%