Multiple Choice Questions on An electronic store owner allows two successive discounts of 20 and 25 on each item The store has a ........... for SSC CGL Exam Preparation

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Multiple Choice Questions

An electronic store owner allows two successive discounts of 20 and 25 on each item The store has a ...........

Quantitative Aptitude (CGL) Profit and loss
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    An 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 Rs.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 Rs.72,000. What will be its net selling price if he has 2850 reward points to his credit? 

    This questions was previously asked in
    Combined Graduate level Examination 2023 Tier I
    View All ssc Previous Year Papers

    Rs.43,200 

    Incorrect Answer

    Rs.42,915

    Correct Answer

    Rs.42,215

    Incorrect Answer

    Rs.42,942

    Incorrect Answer
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    Explanation:

    - The laptop has an initial price of Rs.72,000.

    - The store provides two successive discounts of 20% and 25%.

    - First discount: 20% on Rs.72,000 reduces the price to Rs.57,600.

    - Second discount: 25% on Rs.57,600 further reduces the price to Rs.43,200.

    - The customer has 2,850 reward points, which equal Rs.285 in discounts (2,850 points x Rs.0.10 per point).

    - Deducting Rs.285 from Rs.43,200 gives a net selling price of Rs.42,915.

    Therefore, the correct option is Rs.42,915.

    By: Parvesh Mehta
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