The list price of an article is ₹15,000. A trader wants to buy it. he has to choose one out of two discount series - one is 45%, 3%, and 2% and the other is 25%, 12% and 13% --- on the list price. How may rupees can he save by choosing right series?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 770.55
The marked price of the article = Rs 15000
First successive discount = 45%, 3%, and 2%
So, the price of the article = 15000 × (100 - 45)/100 × (100 - 3)/100 × (100 - 2)/100 = 7842.45
Second successive discount = 25%, 12%, and 13%
So, the price of the article = 15000 × (100 - 25)/100 × (100 - 12)/100 × (100 - 13)/100 = 8613
Difference = 8613 - 7842.45 = Rs 770.55