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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