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Mr. Mickey went to buy a suit. The marked price of the suit was Rs. 2,000. The shopkeeper was ready to offer a 20% discount on the marked price. Also, Mr. Mickey had a voucher which he could use anytime in the next 12 months to avail a further discount of 25% on this selling price. When he was just about to purchase the suit, he saw that there was an upcoming sale in the next month which would guarantee him a reduction in the marked price by 30%. If the shopkeeper is ready to give him the same discount (i.e. 20%) on this reduced price during the sale, what is the percentage saving of Mr. Mickey if he buys the suit during the sale?
- a)25%
- b)30%
- c)35%
- d)40%
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Mr. Mickey went to buy a suit. The marked price of the suit was Rs. 2,...
Without the sale, Mr. Mickey gets a 20% discount and then a 25% discount.
During the sale, the shopkeeper gives Mr. Mickey the 20% discount as well as the 25% voucher (which is also valid).
Mr. Mickey also gets a further reduction of 30% due to the sale.
Thus, the percentage saving of Mr. Mickey is nothing but the additional percentage discount that he gets apart from the 20% and 25% that he was already getting.
Since he gets a 30% reduction, that is his savings.
Hence, option 2.
During the sale, the shopkeeper gives Mr. Mickey the 20% discount as well as the 25% voucher (which is also valid).
Mr. Mickey also gets a further reduction of 30% due to the sale.
Thus, the percentage saving of Mr. Mickey is nothing but the additional percentage discount that he gets apart from the 20% and 25% that he was already getting.
Since he gets a 30% reduction, that is his savings.
Hence, option 2.
Alternatively, It is given that the marked price of the suit is Rs. 2,000.
Mr. Mickey originally gets 20% off from the shopkeeper and a further discount of 25% on the reduced price due to his voucher.
Mr. Mickey's cost price = 0.75 x 0.8 x 2000 = Rs. 1,200.
Mr. Mickey originally gets 20% off from the shopkeeper and a further discount of 25% on the reduced price due to his voucher.
Mr. Mickey's cost price = 0.75 x 0.8 x 2000 = Rs. 1,200.
During the sale, Mr. Mickey gets a 30% reduction in the marked price, then a 20% discount from the shopkeeper and finally a 25% discount due to the voucher.
Mr. Mickey's cost price = 0.7 x 0.75 x 0.8 x 2000 = Rs. 840.
Mr. Mickey's cost price = 0.7 x 0.75 x 0.8 x 2000 = Rs. 840.
The percentage saving of Mr. Mickey = [(1200 - 840)/1200)] x 100
= 30%
= 30%
Hence, option 2.
Most Upvoted Answer
Mr. Mickey went to buy a suit. The marked price of the suit was Rs. 2,...
To calculate the percentage saving of Mr. Mickey if he buys the suit during the sale, we need to compare the final price he would pay during the sale with the price he would have paid if he had bought it immediately.
Given information:
Marked price of the suit = Rs. 2,000
Discount offered by the shopkeeper = 20%
Discount offered by the voucher = 25%
Discount during the upcoming sale = 30%
Step 1: Calculate the selling price after the first discount
Discount offered by the shopkeeper = 20%
Selling price after the first discount = Marked price - (Discount offered by the shopkeeper * Marked price)
= 2000 - (0.2 * 2000)
= 2000 - 400
= Rs. 1600
Step 2: Calculate the selling price after applying the voucher
Discount offered by the voucher = 25%
Selling price after applying the voucher = Selling price after the first discount - (Discount offered by the voucher * Selling price after the first discount)
= 1600 - (0.25 * 1600)
= 1600 - 400
= Rs. 1200
Step 3: Calculate the selling price during the sale
Discount during the sale = 30%
Selling price during the sale = Marked price - (Discount during the sale * Marked price)
= 2000 - (0.3 * 2000)
= 2000 - 600
= Rs. 1400
Step 4: Calculate the percentage saving
Percentage saving = (Original price - Final price) / Original price * 100
Percentage saving = (2000 - 1400) / 2000 * 100
Percentage saving = 600 / 2000 * 100
Percentage saving = 0.3 * 100
Percentage saving = 30%
Therefore, the percentage saving of Mr. Mickey if he buys the suit during the sale is 30%.
Given information:
Marked price of the suit = Rs. 2,000
Discount offered by the shopkeeper = 20%
Discount offered by the voucher = 25%
Discount during the upcoming sale = 30%
Step 1: Calculate the selling price after the first discount
Discount offered by the shopkeeper = 20%
Selling price after the first discount = Marked price - (Discount offered by the shopkeeper * Marked price)
= 2000 - (0.2 * 2000)
= 2000 - 400
= Rs. 1600
Step 2: Calculate the selling price after applying the voucher
Discount offered by the voucher = 25%
Selling price after applying the voucher = Selling price after the first discount - (Discount offered by the voucher * Selling price after the first discount)
= 1600 - (0.25 * 1600)
= 1600 - 400
= Rs. 1200
Step 3: Calculate the selling price during the sale
Discount during the sale = 30%
Selling price during the sale = Marked price - (Discount during the sale * Marked price)
= 2000 - (0.3 * 2000)
= 2000 - 600
= Rs. 1400
Step 4: Calculate the percentage saving
Percentage saving = (Original price - Final price) / Original price * 100
Percentage saving = (2000 - 1400) / 2000 * 100
Percentage saving = 600 / 2000 * 100
Percentage saving = 0.3 * 100
Percentage saving = 30%
Therefore, the percentage saving of Mr. Mickey if he buys the suit during the sale is 30%.
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Mr. Mickey went to buy a suit. The marked price of the suit was Rs. 2,000. The shopkeeper was ready to offer a 20% discount on the marked price. Also, Mr. Mickey had a voucher which he could use anytime in the next 12 months to avail a further discount of 25% on this selling price. When he was just about to purchase the suit, he saw that there was an upcoming sale in the next month which would guarantee him a reduction in the marked price by 30%. If the shopkeeper is ready to give him the same discount (i.e. 20%) on this reduced price during the sale, what is the percentage saving of Mr. Mickey if he buys the suit during the sale?a)25%b)30%c)35%d)40%Correct answer is option 'B'. Can you explain this answer?
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