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Question
A wholesaler allows a 25% trade discount and a 5% cash discount. The net price of an article marked at ₹ 1,600 is ______.
Solution
A wholeseller allows a 25% trade discount and a 5% cash discount The net price of an article marked at ₹ 1,600 is ₹ 1140.
Explanation:
25% trade discount on ₹ 1600.
= `25/100 xx 1600`
= ₹ 400
Invoice Price = 1600 – 400 = ₹ 1200
5% cash discount on invoice price.
= 5% × 1200
= `5/100 xx 1200` = ₹ 60
∴ Net price = 1600 – (400 + 60)
= 1600 – 460
= ₹ 1140.
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