A shopkeeper allows 15% discount to customer and allows 5% extra discount to his members. He charges ₹ 4 lakh for the goods of MRP of ₹5 lakh from one of his member. Find amount of loss of the shopkeeper.
Answer & explanation
Correct answer: option 1
Here, loss is equal to the given discount
Hence loss = 500000 × \(\frac{15}{100}\) × \(\frac{5}{100}\)
= Rs. 3750