For the purchase of a motor car, a man has to pay ₹ $17000$ when a single discount of $15\%$ is allowed. How much will he have to pay for it if two successive discounts of $5\%$ and $10\%$ respectively are allowed? (S.S.C., 2005)
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
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A₹ 17000
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B₹ 17010
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C₹ 17100
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D₹ 18000
Answer
Correct Answer: ₹ 17100
Explanation
### Concept & Logic
To find the final price under a new discount scheme, you first need to determine the original Marked Price of the item using the initial selling price and discount data.
$$ \text{Marked Price} = \frac{\text{Selling Price}}{1 - \frac{\text{Discount \%}}{100}} $$
### Step-by-Step Solution
* **Given:**
* Selling Price 1 = ₹ $17000$
* Single discount = $15\%$
* Alternative discounts = $5\%$ and $10\%$ successively
* **Calculation:**
* First, find the Marked Price (MP). A $15\%$ discount means the buyer paid $85\%$ of the MP.
$85\% \text{ of MP} = 17000$
$\text{MP} = \frac{17000}{0.85} = \frac{17000 \times 100}{85} = 200 \times 100 = ₹ 20000$.
* Now, calculate the new selling price with successive discounts of $5\%$ and $10\%$ on the MP.
* Apply the first discount of $5\%$ on ₹ $20000$:
$5\%$ of $20000 = 1000$.
Price = $20000 - 1000 = ₹ 19000$.
* Apply the second discount of $10\%$ on ₹ $19000$:
$10\%$ of $19000 = 1900$.
New Selling Price = $19000 - 1900 = ₹ 17100$.
### Exam Strategy & Shortcut
Find the equivalent single discount for $5\%$ and $10\%$:
$5 + 10 - \frac{5 \times 10}{100} = 15 - 0.5 = 14.5\%$.
The buyer pays $100\% - 14.5\% = 85.5\%$ of the Marked Price.
Since $85\%$ of MP is $17000$, then $1\%$ of MP is $\frac{17000}{85} = 200$.
Therefore, $85.5\%$ of MP is $85.5 \times 200 = 17100$.
This avoids calculating the actual Marked Price directly.
### Common Pitfall
A frequent mistake is assuming that successive discounts of $5\%$ and $10\%$ are exactly the same as a single discount of $15\%$, leading to the incorrect answer of ₹ $17000$. Successive discounts are always less advantageous to the buyer than a single combined discount.
### Final Answer
Therefore, the correct answer is **₹ 17100**.