The marked price of a toy is Rs.1,600. If the shopkeeper declares a discount of 10% and then 10% cash discount, then what is the selling price of the toy?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs.1,296.
The marked price of a toy = Rs.1,600
The shopkeeper declares a discount of 10% and then 10% cash discount
Successive discount percentage = x + y - xy/100
= 10 + 10 - 10 × 10/100
= 19%
Selling price = Marked price × (100 - Discount %)/100
The selling price of the toy = 1600 × 90/100 × 90/100
= Rs 1296