Shortcut Trick
Total discount from Dealer 1 = 15% of 5,00,000 = ₹75,000
Total discount from Dealer 2 = (12% of 3,00,000) + (6% of 2,00,000) + 6,000 (gift value)
Total discount from Dealer 2 = 36,000 + 12,000 + 6,000 = ₹54,000
Difference in Selling Prices = Difference in total discounts = 75,000 − 54,000 = ₹21,000
∴ The correct answer is ₹21,000.
Alternate Method
Given:
Marked Price (MP) = ₹5,00,000
Dealer 1 Discount = 15%
Dealer 2 Discount = 12% on first ₹3,00,000, 6% on next ₹2,00,000, and a gift of ₹6,000.
Formula:
Selling Price (SP) = MP − Discount
Marked Price: ₹5,00,000
Dealer 1 Discount (15%): ₹75,000
D2: 12% (3L)
6% (2L)
Gift
Difference = ₹21,000
Calculations:
For Dealer 1:
⇒ Discount1 = 15/100 × 5,00,000 = ₹75,000
⇒ SP1 = 5,00,000 − 75,000 = ₹4,25,000
For Dealer 2:
⇒ Discount on first ₹3,00,000 = 12/100 × 3,00,000 = ₹36,000
⇒ Discount on next ₹2,00,000 = 6/100 × 2,00,000 = ₹12,000
⇒ Gift value = ₹6,000
⇒ Total Discount2 = 36,000 + 12,000 + 6,000 = ₹54,000
⇒ SP2 = 5,00,000 − 54,000 = ₹4,46,000
Difference in Selling Prices:
⇒ Difference = SP2 − SP1 = 4,46,000 − 4,25,000 = ₹21,000
∴ The correct answer is ₹21,000.
Additional Information
Successive Discounts
A series of discounts a% and b% is equivalent to a single discount of [a + b − (ab/100)]%.
Effective Discount Rate
Total effective discount percentage = (Total Discount ÷ Marked Price) × 100.
Marked Price vs Selling Price
Marked Price is the listed price, while Selling Price is the actual transaction price after all discounts and value-additions are adjusted.