Question

Direction (7-9) : Read the given information and answer the following question related to it. The marked price of an article is `14000. Dealer A purchased the article from manufacturing company at a 25% discount on the marked price and sold it further at a 15% discount dealer B purchased the same article from the manufacturing company at a 30% discount on the marked price and sold it. Further at a 20% discount. The same article is also available on an installment plan. A customer, can purchased it from the manufacturer by playing a cash down by two equal annual installments of 6050. The manufacture, charges compound interest at 10% per annum. Find the percentage discount a customer gets if he opts for the installment plan./

• A. 10%
• B. 11.5%
• C. 9%
• D. 10.5%

Answer 1

Answer: (A)