The marked price of a platinum ring is ₹52,300 and it is available for sale at two successive discounts of 20% and 4%. What is the selling price (in ₹) of the platinum ring? (Round off to the nearest rupee.)
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 40,166.
Selling price = Marked price × (1 − 20/100) × (1 − 4/100)
Selling price = 52300 × 4/5 × 96/100
Selling price = 52300 × 4/5 = 41840
Selling price = 41840 × 24/25 = 40166