Question : A merchant marked the cloth at Rs. 50 per metre. He offers two successive discounts of 15% and 20%. The net price per metre of cloth is:
Option 1: Rs. 32.50
Option 2: Rs. 42.50
Option 3: Rs. 34.00
Option 4: Rs. 40.00
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Correct Answer: Rs. 34.00
Solution : Given: A merchant marked the cloth at Rs. 50 per metre. He offers two successive discounts of 15% and 20%. Here, two successive discounts are 15% and 20%. So, the net price after successive discounts = $50×(\frac{100\:–\:15}{100})×(\frac{100\:–\:20}{100})$ = $50×\frac{85}{100}×\frac{80}{100}$ = Rs. 34 Hence, the correct answer is Rs. 34.00.
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