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Under a sale offer, Suresh was offered 20% discount on the part of the marked price that was paid in cash, but was charged
0.5% on the part of the marked price paid through a credit card. If Suresh paid 40% of the marked price in cash and the rest
through a credit card, what percentage of the marked price was his total final payment?
93.2%
92.6%
92.8%
92.3%
Certainly! Let's break down the scenario and calculate the final percentage of the marked price paid by Suresh.
- Suresh paid 40% of the marked price in cash.
- On this portion, he received a 20% discount.
- Calculating cash payment: 40% of marked price x (1 - 0.20) = 32% of marked price.
- Suresh paid the remaining 60% using a credit card.
- There was a 0.5% charge on this amount.
- Calculating credit card payment: 60% of marked price x (1 + 0.005) = 60.3% of marked price.
- Adding both parts gives: 32% + 60.3% = 92.3% of the marked price.
- Correct Answer: Option 4 - 92.3%
By: santosh ProfileResourcesReport error
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