Ramesh purchased some items from a dealer on 19 November 2019. The bill generated was for ₹5,480. He had also purchased some items on 10 November 2019, and the bill value was ₹9,800. He cleared both the bills this time and paid the total amount in cash. If the dealer gives a scheme of 2% d

Question

Ramesh purchased some items from a dealer on 19 November 2019. The bill generated was for ₹5,480. He had also purchased some items on 10 November 2019, and the bill value was ₹9,800. He cleared both the bills this time and paid the total amount in cash. If the dealer gives a scheme of 2% discount on payments made within 10 days and 5% discount for payments made in cash at the time of purchase, then find the amount paid by Ramesh on 19 November 2019.

Accepted Answer

₹14,810. The bill of ₹9,800 dated 10 November is paid within 10 days, so it gets 2% discount: ₹9,800 × 0.98 = ₹9,604. The bill of ₹5,480 is paid in cash at purchase, so it gets 5% discount: ₹5,480 × 0.95 = ₹5,206. Total paid = ₹9,604 + ₹5,206 = ₹14,810.

Solution

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