Question
Download Solution PDFAn electronic store owner allows two successive discounts of 20% and 25% on each item. The store has a reward points scheme which enables a customer to get free shopping worth ₹0.10 on every 1 reward point credited to the customer’s account on previous purchases from the store. A customer decides to buy a laptop that is marked at ₹72,000. What will be its net selling price if he has 2850 reward points to his credit?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Discounts allowed by shopkeeper = 20 % and 25 %
Reward points = 2850
Marked price = 72000
Formula used:
Marked price = Selling price [100 / (100 – discount %)] × [100 / (100 - discount %)]
Calculation:
Selling price = 72000 × [100 / (100 – 20%)] × [100 / (100 - 25%)]
⇒ 72000 × 80/100 × 75/100
⇒ 72 × 8 × 75
⇒ 43200
1 reward point → ₹0.10
2850 reward points → 285
Final S.P will be = 43200 - 285
⇒ 42915
The net selling price is 42915.
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