Under a sale offer, Suresh was offered 20% discount on the part of the marked price that was paid in cash, but was charged 0.5% on the part of the marked price paid through a credit card. If Suresh paid 40% of the marked price in cash and the rest through a credit card, what percentage of the marked price was his total final payment?
Answer & explanation
Correct answer: option 4
Let the marked price = Rs. 100
40% of MP is paid in cash = Rs. 40 is paid in cash
Rs. 60 is paid by credit card
According to the question,
20% offered on the part of the marked price that was paid in cash = 20% of 40 = 8
The discount price of the product paid by cash = 40 - 8 = Rs. 32
0.5% charged on the part of the Marked Price that was paid by card
= 0.5% of 60 = 0.3
The increased price the of product paid by credit card = 60 + 0.3 = 60.3
Total payment Suresh has pay = payed by cash + payed by credit card
⇒ Rs. 32 + Rs. 60.3 = Rs. 92.3
Percentage % = \(\frac{92.3 × 100}{100}\) = 92.3%