Pankaj offers a cash discount of Rs.250 first and then two successive discounts of 8% and 5% on the sale of a chair. If the marked price of the chair is Rs.4,250, what is the final price of the chair for a customer after the given discount scheme?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs.3,496
Given that
The marked price of the chair is 4250 Rs
The cash discount 250 rupees and two successive discounts 8% and 5%
The Price after first discount of 250 rupees = 4250 - 250 = 4000 Rs
The price of the chair after discounts of 8% and 5 % = 4000 × 92/100 × 95/100 = 3496 Rs
Hence, The final price of the chair after discount scheme = Rs 3496