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Question

Mathematics Question on Profit and Loss

A bicycle originally costs Rs 100 and was discounted 10%\%. After three months it was sold after being discounted 15%\%. How much was the bicycle sold for?

A

55.5

B

95.25

C

76.5

D

None of these

Answer

76.5

Explanation

Solution

The correct option is (C): 76.5
Explanation: To find the selling price of the bicycle after both discounts, let's calculate it step by step.
Original Price: Rs 100
First Discount (10%) :
Discount=100×0.10=10\text{Discount} = 100 \times 0.10 = 10
Price after first discount=10010=90\text{Price after first discount} = 100 - 10 = 90
Second Discount (15%) on the discounted price:
Discount=90×0.15=13.5\text{Discount} = 90 \times 0.15 = 13.5
Final Selling Price=9013.5=76.5\text{Final Selling Price} = 90 - 13.5 = 76.5
Thus, the bicycle was sold for Rs 76.5.