Math Problem Statement

electronic store owner allows two successive discounts of 20% and 25% on each item. The store has a reward points scheme which enables a customer to get free shopping worth ₹0.10 on every 1 reward point credited to the customer’s account on previous purchases from the store. A customer decides to buy a laptop that is marked at ₹72,000. What will be its net selling price if he has 2850 reward points to his credit?

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage discounts
Reward points
Successive discounts

Formulas

First Discount = Price × (Percentage / 100)
Second Discount = Price after First Discount × (Percentage / 100)
Net Selling Price = Price after Discounts - Value of Reward Points

Theorems

Successive Percentage Discount Theorem

Suitable Grade Level

Grades 8-10