Question : The marked price of a cycle is Rs. 5600. If two successive discounts of 10% and 15% are given, what will be the selling price (in Rs.) of the cycle?
Option 1: 4284
Option 2: 4200
Option 3: 4214
Option 4: 4314
Correct Answer: 4284
Solution :
Given:
The marked price of a cycle is Rs. 5600.
Two successive discounts of 10% and 15% are given.
Single discount $=(a+b–\frac{a×b}{100}$)%
Single discount $=10+15-\frac{10×15}{100}$
Single discount $=25-1.5$
$\therefore$ Single discount $=23.5$%
Selling price = $5600×\frac{100-23.5}{100}=56×76.5=4284$
Hence, the correct answer is Rs. 4284.
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