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
Price after first discount=100−10=90
Second Discount (15%) on the discounted price:
Discount=90×0.15=13.5
Final Selling Price=90−13.5=76.5
Thus, the bicycle was sold for Rs 76.5.