An item is initially sold at ₹500. Its price is first increased by 20% due to a surge in demand. After that, a 10% festive markdown is applied on the increased price.
Following this, a 5% seasonal discount is applied on the new reduced price. However, before final billing, a service charge of 2% is added on the discounted price, and GST at 12% is levied on the amount after adding the service charge. What is the net change in the final billed price (after all taxes and charges) compared to the original price of ₹500 (correct to 2 decimal place)?
- AOption (a)
₹86.25
- BOption (b)
₹76.75
- COption (c)
₹76.05
- DOption (d)
₹86.05
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Correct answer
₹86.25