The marked price of a platinum ring is Rs. 52,300 and it is available for sale at two successive discounts of 20% and 4%. What is the selling price (in Rs. ) of the platinum ring? (Round off to the nearest rupee.)

Correct option is C

Given:

Marked Price (MP) = Rs. 52,300

Successive Discounts = 20% and 4%

Formula Used:

Selling Price = MP$$\times \left(1 - \frac{d_1}{100}\right) \times \left(1 - \frac{d_2}{100}\right)$$​​

Solution: 

Here,  d₁ = 20%, d₂ = 4%

Selling Price = $$=52,300 \times \left(1 - \frac{20}{100}\right) \times \left(1 - \frac{4}{100}\right)$$​​

​​​= 52,300 × 0.80 × 0.96

= 52,300 × 0.768

= 40,166.4 

= 40,166(approx)