Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is
Marked price = Rs. 5000
Discount % = 20%
=> Selling price = $$5000\times\frac{(100-20)}{100}$$
= $$50\times80=Rs.$$ $$4000$$
Thus, Reema's consumer surplus = $$7000-4000=Rs.$$ $$3000$$
=> Ans - (A)
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