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The cost price of an article is Rs. 100....

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

A

Rs. 4.5

B

Rs. 14.5

C

Rs. 24.5

D

None of the above

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the successive discounts on the cost price of the article. ### Step 1: Identify the Cost Price The cost price (CP) of the article is given as Rs. 100. ### Step 2: Calculate the First Discount The first discount is 5%. - To calculate the discount amount: \[ \text{First Discount} = \frac{5}{100} \times 100 = Rs. 5 \] - Now, subtract the discount from the cost price: \[ \text{Price after First Discount} = 100 - 5 = Rs. 95 \] ### Step 3: Calculate the Second Discount The second discount is 10% on the new price (Rs. 95). - To calculate the discount amount: \[ \text{Second Discount} = \frac{10}{100} \times 95 = Rs. 9.5 \] - Now, subtract this discount from the price after the first discount: \[ \text{Price after Second Discount} = 95 - 9.5 = Rs. 85.5 \] ### Step 4: Calculate the Total Reduction in Price Now, we need to find out how much the price has decreased from the original cost price. - The reduction in price is: \[ \text{Reduction} = \text{Original Price} - \text{Final Price} = 100 - 85.5 = Rs. 14.5 \] ### Conclusion The article's price has been reduced by Rs. 14.5. ### Final Answer The total reduction in price is **Rs. 14.5**. ---
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