A shopkeeper offered successive discounts of 10% and 15% on an article with the marked price of Rs. 28,000. Find the selling price of the article.
- AOption (a)
Rs. 21,402
- BOption (b)
Rs. 22,140
- COption (c)
Rs. 21,240
- DOption (d)
Rs. 21,420
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Correct answer
Rs. 21,420
Why this answer is correct
Shortcut Trick
Net multiplier for successive discounts of 10% and 15% = 0.90 × 0.85 = 0.765
Selling Price = Marked Price × Net multiplier
⇒ SP = 28,000 × 0.765
⇒ SP = 21,420
∴ The correct answer is Rs. 21,420.
Alternate Method
Given:
Marked Price (MP) = Rs. 28,000
First Discount (d1) = 10%
Second Discount (d2) = 15%
Formula Used:
Selling Price (SP) = MP × (1 − d1/100) × (1 − d2/100)
Calculations:
⇒ Price after 1st discount = 28,000 − (10% of 28,000)
⇒ Price after 1st discount = 28,000 − 2,800 = Rs. 25,200
⇒ Selling Price = 25,200 − (15% of 25,200)
⇒ SP = 25,200 − (15/100 × 25,200)
⇒ SP = 25,200 − 3,780
⇒ SP = Rs. 21,420
∴ The correct answer is Rs. 21,420.
Additional Information
Single Equivalent Discount
For two successive discounts of x% and y%, the single equivalent discount is calculated as (x + y − xy/100)%.
Relationship between MP and SP
Selling Price = Marked Price × (100 − Discount%)/100. Discounts are always calculated on the Marked Price unless stated otherwise.
Successive Percentage Change
Final Value = Initial Value × (1 ± r1/100) × (1 ± r2/100), where r represents the rate of increase (+) or decrease (−).