A tractor is sold after allowing three successive discounts of 10%, 5% and 2%. If the marked price of the tractor is Rs 4,88,000, find its net selling price.
Answer & explanation
Correct answer: option 4
Discounts = 10%, 5% and 2%
Marked price = 4,88,000
Selling price = 4,88,000 × \(\frac{90}{100}\) × \(\frac{95}{100}\) × \(\frac{98}{100}\)
Selling price = = Rs 4,08,895.2