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A trader gives a discount of 4% for purchases above Rs 25,000, 6% for purchases above Rs 35,000 and 8% for purchases above Rs 50,000. If an item is purchased for Rs 38,500, what would be the amount of discount?

A trader gives a discount of 4% for purchases above Rs 25,000, 6% for purchases above Rs 35,000 and 8% for purchases above Rs 50,000. If an item is purchased for Rs 38,500, what would be the amount of discount? Correct Answer Rs. 2,310

Given, above RS. 35,000 discount rate is 6%, then

Discount amount on Rs. 38,500 = 38500 × (6/100) = Rs. 2,310

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