Question

Direction (10-12) : A microwave oven has a marked price of `18000. Vijay bought it at a discount of 28% on the marked price and sold it at successive discount of 10% and 5%. Kishore bought a microwave oven of the same model at a discount of 25% on the marked price and sold it at a further discount of 12%. The owner of third shop offers on an installment plan. Under the plan, customers are given discount of 10% on the marked price and can purchased the item by making a cash down payment of 5700 followed by two equal annual installments. The owner of this shop charges compound interest at rate 10% per annum. The selling price of kishore is how much percent more than the selling price of vijay. (Up to one decimal place)

• A. 2.8%
• B. 2.94%
• C. 2.85%
• D. 2.9%

Answer 1

Answer: (D)