The marked price of a fancy toy is ₹30,000. It is to be sold, allowing two successive discounts of 20% and 24%, respectively. On cash payment, an additional 10% discount on the net price is also given. The selling price (in ₹) of the toy is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 16416.
Price after 1st discount = 30000 × (1 - 0.20)
⇒ 30000 × 0.80 = ₹24000
Price after 2nd discount = 30000 × (1 - 0.24)
⇒ 24000 × 0.76 = ₹18240
Cash Discount = 30000 × (1 - 0.10)
⇒ 18240 × 0.90 = ₹16416