The original price of a refrigerator was ?
- AOption (a)
37%
- BOption (b)
35%
- COption (c)
30%
- DOption (d)
40%
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Correct answer
37%
Why this answer is correct
Shortcut Trick
Apply the Successive Discount formula: a + b − (a × b)/100.
Given: a = 30% and b = 10%.
Net Discount % = 30 + 10 − (30 × 10)/100
Net Discount % = 40 − 3 = 37%
∴ The correct answer is 37%.
Alternate Method
Given: Original Price = 1,500, First Discount = 30%, Second Discount = 10%.
⇒ First discount amount = 30% of 1,500 = (30/100) × 1500 = 450
⇒ Price after 1st discount = 1500 − 450 = 1050
⇒ Second discount amount = 10% of 1,050 = (10/100) × 1050 = 105
⇒ Final Selling Price = 1050 − 105 = 945
⇒ Total Discount = 1500 − 945 = 555
⇒ Equivalent Discount % = (Total Discount / Original Price) × 100
⇒ Equivalent Discount % = (555 / 1500) × 100 = 37%
∴ The correct answer is 37%.
Additional Information
Net Discount for Three Rates
For three successive discounts a%, b%, and c%, the net discount is calculated by first finding the net of a and b, then applying the formula to that result and c.
Marked Price (MP) and Selling Price (SP)
Discount is always computed on the Marked Price. SP = MP × (100 − D1%)/100 × (100 − D2%)/100.
Multiplying Factor Method
Final Price = Initial Price × 0.70 × 0.90. The overall multiplier is 0.63, which implies a (1 − 0.63) × 100 = 37% discount.