Discussion Forum : True Discount
Question -
A bicycle, marked at Rs.2,000, is sold with two successive discount of 20% and 10%. An additional discount of 5% is offered for cash payment. The selling price of the bicycle at cash payment is
Answer: Option C
Answer: (c)Using Rule 5,Single equivalent discount for two successive discounts of 20% and 10%= $(20 + 10 - {20 × 10}/100)%$ = 28%Now , single discount for 28% and 5%= $(28 + 5 - {28 × 5}/100)%$= (33 - 1.4) % = 31.6%Required selling price of bicycle at cash payment= (100 - 31.6) % of Rs.2000= ${2000 × 68.4}/100$ = Rs.1368
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Answer: (c)Using Rule 5,Single equivalent discount for two successive discounts of 20% and 10%= $(20 + 10 - {20 × 10}/100)%$ = 28%Now , single discount for 28% and 5%= $(28 + 5 - {28 × 5}/100)%$= (33 - 1.4) % = 31.6%Required selling price of bicycle at cash payment= (100 - 31.6) % of Rs.2000= ${2000 × 68.4}/100$ = Rs.1368
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