Comprehension Passage
Directions: Ram is a dealer of study materials. His policy is to buy the products at 5% less than MRP. He has different type of customers to whom he sells goods at different price and offers cash discount for quick payment at different rates. Cash discount to wholesaler is provided, if they make payment within a month, and it is provided to retailer, if payment is made within 15 days. Cash discount is given to regular customer only and only if they make cash purchases.
|
Types of Customer |
Selling Price |
Cash Discount |
|
Wholesaler |
MRP |
3% |
|
Retailer |
MRP + 10% |
2% |
|
Daily Customer |
Not fixed |
1% |
If he purchases 100 notebooks having MRP of Rs. 80 per notebook and sold half of the material to a retailer, who makes 1/4 of the payment on the spot and 1/3 of the remaining payment after a week. Calculate the selling price after allowing discount.
1
Rs. 4400
2
Rs. 4000
3
Rs. 4356
4
Rs. 4536
5
None of these