A car is marked at rs.3,00,000. The dealer allows successive discounts of 6%, 4% and 2 1/2 % on it. What is the net selling price?
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Answer:
Market price = 3,00,000
Price after 6% discount =3,00,000[1−
100
6
]
=
100
94
×3,00,000
=282,000
Price after 4% discount =282,000[1−
100
4
]
=
100
96
×282,000
=270,720
Price after 2.5% discount =270,720[1−
100
2.5
]
=
100
97.5
×270,720
=263952
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