A company pays rent of Rs. 25000 per month for office space to its owner. But if the company pays the annual rent at the beginning of the year the owner gives a discount of 5% on the total annual rent. What is the annual amount the company pays to the owner after the discount ?

A. Rs. 275000

B. Rs. 285000

C. Rs. 295000

D. Rs. 300000

E. None of these

Answer: Option B

Solution(By Examveda Team)

Total annual rent :
= Rs. (25000 × 12)
= Rs. 300000
Discount :
= 5% of Rs. 300000
= Rs. $$\left( {\frac{5}{{100}} \times 300000} \right)$$
= Rs. 15000
∴ Annual rent paid after discount :
= Rs. 300000 - 15000
= Rs. 285000