The marked price of a water cooler is Rs. 5,420. The shopkeeper offers an off season discount of 15% on it and an additional discount of 5% for cash payment customer. Find the cost price for a customer who pays cash payment.

Correct option is B

Given:

Marked Price (MP) = Rs. 5,420

Off-season discount = 15%

Additional cash discount = 5%

Formula Used:

Successive Discount Price = MP × (1 − d₁) × (1 − d₂) 

where, d = discount % 

Solution:

Price after discount = $$5420 \times \left( 1- \frac{15}{100}\right) \times \left(1 - \frac{5}{100}\right)$$ 

= $$5420 \times \frac{85}{100}\times \frac{95}{100}$$​​

= ₹4,376.65