Question
Easy
Which of the following will give maximum discount on Rs. 6896 ? (a) 2 successive discounts of 5% and 5% (b) Single discount of 10% (c) 2 successive discounts of 8% and 2%
1
a
2
b
3
c
4
All are same
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 2
Chapter: Finance
Topic: Discount
Correct Answer
Option B
Explanation
To determine which option provides the maximum discount on Rs. 6896, we need to calculate the effective discount for each option and compare them. The correct answer is given as Option 2, which is a single discount of 10%. Let's justify why this is correct and why the other options are not. 1. Option 2: Single discount of 10% - A single discount of 10% on Rs. 6896 is calculated…Read More
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