The cost price of an article is ₹ 100. A discount series

Home » Aptitude » Discount » Question

The cost price of an article is ₹ 100. A discount series of 5 %, 10 % successively reduces the price of a article by

1. ₹ 4.5
2. ₹ 14.5
3. ₹ 24.5
4. None of the above

Correct Option: B

As we know the formula for two successive discount.

Equivalent single discount =		D₁ + D₂ −	D₁ × D₂		%
			100

Single equivalent discount =		10 + 5 −	10 × 5		= 14.5%
			100

i.e. ₹ 14.50