A bicycle, marked at ₹ 2,000, is sold with two successive

A bicycle, marked at ₹ 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

Single equivalent discount for two successive discounts of 20% and 10%

=		28 + 10 −	20 × 10		% = 28%
			100

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 ₹ 2000

∴ Required selling price of bicycle at cash payment =	2000 × 68.4	= ₹ 1368
	100