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A store has a product with a cost price of ₹400. Additionally, if a customer uses a store loyalty card, they receive an extra 5% discount. What is the final price the customer pays?

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RPF Constable 2024 Official Paper (Held On 04 Mar, 2025 Shift 2)
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  1. 360
  2. 380
  3. 390
  4. 480

Answer (Detailed Solution Below)

Option 2 : 380
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Detailed Solution

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Given:

Cost Price (CP) = ₹400

Discount = 5%

Formula used:

Final Price = CP × (1 - Discount/100)

Calculation:

Final Price = ₹400 × (1 - 5/100)

⇒ Final Price = ₹400 × (1 - 0.05)

⇒ Final Price = ₹400 × 0.95

⇒ Final Price = ₹380

∴ The correct answer is option (2).

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