Question

A toffee costs Rs. 1 however, a discount of 4% is allowed on all the toffees purchased after 1000 toffees. How much will it cost to purchase 4000 toffees?
1. Rs. 3910
2. Rs. 3880
3. Rs. 3750
4. Rs. 3660

Answer 1

Correct Answer - Option 2 : Rs. 3880

GIVEN:

A toffee costs Rs. 1 however, a discount of 4% is allowed on all the toffees purchased after 1000 toffees.

CONCEPT:
Basic concept of discount

FORMULA USED:

Selling price = Marked price × [1 – (Discount/100)]

CALCULATION:

Total cost = (1 × 1000) + (1 – 1 × 0.04) × 3000

⇒ Total cost = 1000 + 2880 = Rs. 3880