A shopkeeper offers two successive discounts of 18% and 15% on a frock whose marked price is ₹1,000. What is the final selling price (in ₹) of the frock?
- AOption (a)
697
- BOption (b)
723
- COption (c)
679
- DOption (d)
796
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Correct answer
697
Why this answer is correct
Shortcut Trick
Effective Selling Price percentage = (100 − 18)% × (100 − 15)%
Effective Multiplier = 0.82 × 0.85 = 0.697
Final Selling Price = 1000 × 0.697 = 697
∴ The correct answer is ₹697.
Alternate Method
Given:
Marked Price (MP) = ₹1,000
Discount 1 (d1) = 18%
Discount 2 (d2) = 15%
Formula Used:
Final Selling Price = MP × (100 − d1)/100 × (100 − d2)/100
Calculations:
⇒ Price after 1st discount = 1000 − (18% of 1000)
⇒ Price after 1st discount = 1000 − 180 = ₹820
⇒ Final Selling Price = 820 − (15% of 820)
⇒ Final Selling Price = 820 − 123 = ₹697
∴ The correct answer is ₹697.
Additional Information
Successive Discount Formula
The single equivalent discount for two successive discounts x% and y% is given by (x + y − xy/100)%.
Marked Price and Cost Price Relation
The relationship is given by: MP/CP = (100 + Profit%)/(100 − Discount%).
Effective Percentage Change
For successive changes of a% and b%, the net percentage change is (a + b + ab/100)%, where negative values represent decreases/discounts.