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
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