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Finding Prices / Charges Related to Buying and Selling

If a piece of...

Question

If a piece of furniture's list price is of $28, 000$ and it is sold at 10%trade discount and 2%cash discount. The cash sale price of furniture would be ________________.

A

Rs.

25, 200

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B

Rs.

24, 640

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C

Rs.

24, 696

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D

None of above

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Solution

The correct option is C Rs. $24, 696$
Trade discount on furniture = 2800010/100
= 2800
Sale price of furniture would be Rs 25200 (28000-2800)
Cash Sale price after allowing cash discount 2% is Rs 24696.
Cash discount = 252002/100
= 504
25200 - 504 = 24696

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