The marked price of a painting was ₹6,400, but the shopkeeper offered a double discount in a successive manner of 25% and 12%. Ultimately for how much did he sell the item?
- AOption (a)
₹4,320
- BOption (b)
₹4,224
- COption (c)
₹4,291
- DOption (d)
₹4,161
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Correct answer
₹4,224
Why this answer is correct
Shortcut Trick
Net discount % = a + b − (a × b) ÷ 100
Net discount = 25 + 12 − (25 × 12) ÷ 100 = 37 − 3 = 34%
Selling Price = Marked Price × (100 − Net Discount%) ÷ 100
SP = 6400 × (100 − 34) ÷ 100 = 6400 × 0.66 = 4224
∴ The correct answer is ₹4,224.
Alternate Method
Given: Marked Price (MP) = ₹6,400, First Discount (d1) = 25%, Second Discount (d2) = 12%.
Formulas: SP = MP × (100 − d1)% × (100 − d2)%
⇒ Price after first discount = 6400 × (1 − 25/100) = 6400 × 3/4 = ₹4,800
⇒ Price after second discount (Final SP) = 4800 × (1 − 12/100)
⇒ Final SP = 4800 × 88/100 = 48 × 88
⇒ Final SP = ₹4,224
∴ The correct answer is ₹4,224.
Additional Information
Successive Discounts
When multiple discounts are applied one after another, the base for each subsequent discount is the value after the previous discount.
Marked Price & Selling Price
Selling Price = Marked Price − Discount. Discount is always calculated on the Marked Price unless stated otherwise.