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    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 (i
    Question

    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.)

    A.

    40,200

    B.

    40,033

    C.

    40,166

    D.

    40,233

    Correct option is C

    Given:

    Marked Price (MP) = Rs. 52,300

    Successive Discounts = 20% and 4%

    Formula Used:

    Selling Price = MP×(1d1100)×(1d2100) \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×(120100)×(14100)=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)

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