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    Quickest Way To Solve

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    amsajib123

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    Quickest Way To Solve

    Uploaded by

    amsajib123
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    quickest way to solve

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    Quickest Way To Solve

    Uploaded by

    amsajib123

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    © All Rights Reserved
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    of 2

    Example: The marked price of a shirt is Rs.1000. A shopkeeper offers 10% discount on this shirt.

    How
    much will you have to pay, finally?

    Solution:Discount =10% of 1000 = (10/100)x1000 =Rs 100Selling Price= 1000- 100 = Rs 900

    But in exam,you can do it directlyi n your head.So just think that 10 percent discount means you’ve to
    pay 100 percent minus 10 percent=90 percent of the marked price which means,(90/100)x1000 =Rs. 900

    What is marked price?

    Marked price as the name suggests is the price of that is actually marked on the product. It is the same
    price on which you get discounts. Actually it is just a marketing propaganda to seduce customers.

    Suppose I am a seller and am running a store. I bought a Shirt for Rs.400, ie cost price for me is Rs 400.
    But I mark it and put a tag of Rs 1000 on it, which is now its marked price

    Now, I give a huge dicount of 50% on iit, which means it’s selling price will be 1000-5000= Rs 500.
    Customer thinks I am giving a huge discount and might be making a loss in that deal, but in actual I am
    still making a profit of Rs 100.

    What is Successive Discount?

    It means discount on the discount. (Analogous to Compound Interest rate which signifies interest on
    interest)

    Case 1: If there are two discounts:The formula for total discount in case of successive-discounts:

    If the first discount is x% and 2nd discount is y% then,Total discount = ( x + y - xy /100)%

    Example: The marked price of a shirt is Rs.1000. A shopkeeper offers 10% discount on this shirt and then
    again offers 20% discount on the new price. How much will you have to pay, finally?

    Solution: As the successive discount is 10% and 20% Total discount = ( x + y - xy / 100) % x = 10%

    And y = 20% Total discount = [ 10 + 20 – ( 10 x 20) / 100] % = ( 30 – 200 /100 ) %= 28%

    Discount = 28% of 1000 = ( 28 / 100 ) x 1000 = Rs 280. Selling price (SP)= Marked price (MP) – Discount =
    1000-280 = Rs720

    Case 1: If there are three discounts:It means discount on the discount on the discount. (Analogous to
    Compound Interest rate which signifies interest on interest)

    If there are three discounts as x%, y% and z% then find the total discount of x % and y% first and using it
    find the total discount with z%

    Example: The marked price of a shirt is Rs.1000. A shopkeeper offers 10% discount on this shirt and then
    again offers 20% discount on the new price, and then and then again offers 30% discount on the new
    price . How much will you have to pay, finally?
    Solution: As the successive discount is 10%and 20% and then again 30%.Here we will move step by step
    and first calculate it for only two discounts, and then whatever the result comes, again calculating it for
    the result we got and the remaining discount.

    Total discount = (x + y - xy / 100)% x = 10%, y = 20% and z = 30%

    Total discount = [10 + 20 – (10 x 20) / 100] % = (30 – 200 /100) % = 28% (let us say d)

    Now, d= 28 % & z = 30 %

    Total discount=(d + z - dz / 100)% Final discount = [28 + 30 – (28 x 30) / 100] %=(58 – 840/100) % = 49.6%

    Which means Discount = 49.6% of 1000 = (49.6 / 100) x 1000 Rs 496

    Selling price = M.P – Discount = 1000- 496 = 504

    Example: The marked price of a shirt is Rs.1000. A shopkeeper offers

    Case 1: 10% discount on this shirt and then again offers 20% discount on the new price.

    Case 2: 29 % discount Which is the better deal?

    Solution:Case 1: We have already solved case 1 & the net discount came out to be 28 % only, means
    Selling price = Rs 720
    Case 2: In case 2 we are getting Flat 29% discount which means, this deal is better for you as Selling price
    = Rs 710
    But to arrive to this point we have to do a hell lot of calculation.What you can do is use shortcut
    technique

    Case 1: Successive discount 10% and then 20%, Final price


    you’ve to pay = 0.90 x 0.80 x original price = 0.72 x
    original price

    Case 2: Discount offered=29%, Final price you’ve to pay = 0.71 times original price, which is less than
    Case 1, means it is a better deal.

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