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A fan is listed at Rs. 1400 and a discou...

A fan is listed at Rs. 1400 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price of Rs. 1100

A

(a) `1 11/14`%

B

(b) `2 11/14`%

C

(c) `1 13/14`%

D

(d) `2 13/14`%

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The correct Answer is:
To solve the problem, we need to follow these steps: ### Step 1: Calculate the Discount Amount The list price of the fan is Rs. 1400, and a discount of 20% is offered. **Calculation:** - Discount = 20% of Rs. 1400 - Discount = (20/100) * 1400 = Rs. 280 ### Step 2: Calculate the Selling Price after Discount Now, we will subtract the discount from the list price to find the selling price. **Calculation:** - Selling Price = List Price - Discount - Selling Price = 1400 - 280 = Rs. 1120 ### Step 3: Determine the Required Selling Price We want the net price to be Rs. 1100. ### Step 4: Calculate the Additional Discount Required Now we need to find out how much additional discount is needed to reduce the selling price from Rs. 1120 to Rs. 1100. **Calculation:** - Additional Discount = Selling Price - Required Price - Additional Discount = 1120 - 1100 = Rs. 20 ### Step 5: Calculate the Additional Discount Percentage To find the percentage of the additional discount based on the selling price of Rs. 1120: **Calculation:** - Additional Discount Percentage = (Additional Discount / Selling Price) * 100 - Additional Discount Percentage = (20 / 1120) * 100 = 1.7857% Thus, the additional discount percentage required is approximately 1.79%. ### Final Answer The additional discount that must be offered to the customer is Rs. 20, which is approximately 1.79% of the selling price. ---
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