The marked price of a toy was ₹4,875. Successive discounts of 28% and 30% were offered on it during a clearance sale. What was the selling price of the toy?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹2,457
Concept Used :
S.P. = M.P. × (100 - D1)/100 × (100 - D2)/100
Given :
M.P. = ₹4,875
D1 = 28%
D2 = 30%
Now, S.P. = 4,875 × (72/100) × (70/100)
S.P. = 39 × 9 × 7
S.P. = 2,457
Hence the selling price is ₹2,457.