On the marked price of Rs. 1,250 of an article, three successive discounts of 5%, 15%, and 20% are offered. What will be the selling price (in Rs.) after discounts?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 807.50.
we know that,
S.P = M.P × {(100% - discount%)/100}
Now, according to the question
⇒ S.P = 1250 × (95/100) × (85/100) × (80/100)
⇒ S.P = Rs.807.5
So, the selling price (in Rs.) after discounts is Rs.807.5