A customer availed a 10% discount on the purchase of a table and paid ₹4,950 for it. How much money would he have saved if he had bargained to get 12% discount?
Answer & explanation
Correct answer: option 4
The selling price of the table = 4950
Discount = 10%
Required discount = 12%
Then the cost price of the table =
90% of the CP = 450
100% of the CP = 450 × \(\frac{100}{90}\) = 550
He will save ( 12 - 10) % of 550
So, 2% of 550 = Rs.110