The marked price of a jacket is ₹3,500. A shopkeeper offers 5% discount on it and then again offers 15% discount on the new price, and then again offers 20% discount on the new price. How much one has to pay for it?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 
Marked price of the jacket = Rs. 3500
Price after first discount = 3500 - 5% of 3500 = 3500 - 5(3500)/100 = 3500 - 175 = 3325
Price after the second discount = 3325 - 15% of 3325 = 3325 - 15(3325)/100 = 3325 - 498.75 = 2826.25
Price after the third discount = 2826.25 - 20% of 2826.25 = 2826.25 - 20(2826.25)/100 = 2826.25 - 565.25 = Rs. 2261