The marked price of a sweater is ₹600. The wholesaler offers a 20% discount to a retailer for up to 20 sweaters and a 25% discount if the order exceeds 20 sweaters. Find the amount paid by the retailer if he orders 22 such sweaters.
- AOption (a)
₹9,900
- BOption (b)
₹9,850
- COption (c)
₹9,250
- DOption (d)
₹9,500
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Correct answer
₹9,900
Why this answer is correct
Shortcut Trick
Order quantity 22 exceeds the 20 sweater limit, so the 25% discount is applicable.
Net Selling Price (SP) of one sweater = 75% of ₹600 = ₹450.
Total amount paid for 22 sweaters = 22 × 450 = ₹9,900.
∴ The correct answer is ₹9,900.
Alternate Method
Given:
Marked Price (MP) of 1 sweater = ₹600
Quantity ordered = 22 sweaters
Discount for > 20 sweaters = 25%
Formula Used:
Selling Price (SP) = MP − Discount
Total Amount = SP per unit × Quantity
Calculations:
⇒ Total MP of 22 sweaters = 22 × 600 = ₹13,200
⇒ Since 22 > 20, Discount rate = 25%
⇒ Total Discount amount = 25% of ₹13,200
⇒ Total Discount = (25 ÷ 100) × 13,200 = ₹3,300
⇒ Amount paid by retailer = Total MP − Total Discount
⇒ Amount paid = 13,200 − 3,300 = ₹9,900
∴ The correct answer is ₹9,900.
Additional Information
Marked Price (List Price)
The price mentioned on the product tag. Discount is always calculated on this value: SP = MP × (100 − D%)/100.
Successive Discount
If two discounts d1% and d2% are given, the effective discount is [d1 + d2 − (d1 × d2)/100]%.
Profit and Loss Relation
The relationship between MP and CP is given by: MP/CP = (100 + P%) / (100 − D%), where P is profit % and D is discount %.