Correct Answer - Option 2 :
A and C
Given:
MP = Rs. 35000
Cash discount = 10%
Diwali season’s discount = m%
Final selling price = Rs. 30870
Formula Used:
Discount% = (Discount /MP) × 100
SP = {(100 – D%)/100} × MP
Where D is discount, CP is cost price, SP is selling price and MP is maximum retail price.
Calculation:
SP after 10% discount = (90/100) × 35000
= 31500
SP after m% discount on 31500 = Final selling price
⇒ {(100 – m%)/100} × 31500 = 30870
⇒ 100 – m = 30870/315
⇒ 100 – m = 98
⇒ m = 2
⇒ m% = 2%
A. m < 10
2 < 10
⇒ A is correct
B. m > 5
2 < 5
⇒ B is not correct
C. m% of 35000 = 700
(2/100) × 35000 = 700
⇒ C is correct
D. 2m% of 3500 = 1400
(4/100) × 3500 = 140
⇒ D is not correct
∴ A and C are correct.