A diamond ring costs ₹85,000. Its price is reduced first by 11% and then by 4% on the reduced price. Find the final price of the ring after both discounts.
₹72,624
To find the final price of the diamond ring after successive discounts, we will apply each discount step-by-step and calculate accordingly.
- \(85,000\) is the original price of the diamond ring.
- First, we apply an 11% discount. The discount amount can be calculated as: \(\text{Discount} = \frac{11}{100} \times 85,000 = 9,350\)
- Subtract the discount from the original price to get the new reduced price: \(\text{New Price} = 85,000 - 9,350 = 75,650\)
- Next, a 4% discount is applied to the new price. Calculate the 4% discount: \(\text{Discount} = \frac{4}{100} \times 75,650 = 3,026\)
- Subtract this second discount from the new price: \(\text{Final Price} = 75,650 - 3,026 = 72,624\)
Therefore, the final price of the ring after both discounts is ₹72,624.
The correct answer is: ₹72,624.
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