The marked price of a double bed is ₹42,000. The customer gets a cash discount of ₹1,000 and a scratch card promising a discount of 5% to 10%. Determine the difference between the least and maximum selling price of the bed.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. ₹2,050
Given that
The marked price of a double bed is ₹42,000
A cash discount of ₹1,000 and a scratch card discount of 5% to 10%
Formula used
Selling price = Marked price × (100 - D)/100
Calculation
After deduction of discount of Rs. 1000, marked price = 42000 - 1000 = ₹41000
now, the given discount of 5 %
The selling price = 41000 × (100 - 5)/100 = 410 × 95 = ₹38950
and if the given discount is 10%, then
The selling price = 41000 × (100 - 10)/100 = 410 × 90 = ₹36900
Hence, the difference between the least and maximum selling price of the bed is 38950 - 36900 = ₹2050