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A bicycle originally costs Rs. 100 and w...

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

Rs. 55.5

B

Rs. 95.25

C

Rs. 76.5

D

None of these

Text Solution

AI Generated Solution

The correct Answer is:
To find out how much the bicycle was sold for after applying the discounts, we can follow these steps: ### Step 1: Calculate the first discount The original cost of the bicycle is Rs. 100, and it was discounted by 10%. - **Formula to calculate the price after discount:** \[ \text{Price after first discount} = \text{Original Price} \times \left(1 - \frac{\text{Discount Percentage}}{100}\right) \] - **Calculation:** \[ \text{Price after first discount} = 100 \times \left(1 - \frac{10}{100}\right) = 100 \times 0.90 = 90 \] ### Step 2: Calculate the second discount After three months, the bicycle was sold with a further discount of 15%. This means it was sold at 85% of the price after the first discount. - **Formula to calculate the selling price after second discount:** \[ \text{Selling Price} = \text{Price after first discount} \times \left(1 - \frac{\text{Second Discount Percentage}}{100}\right) \] - **Calculation:** \[ \text{Selling Price} = 90 \times \left(1 - \frac{15}{100}\right) = 90 \times 0.85 = 76.5 \] ### Final Answer The bicycle was sold for Rs. 76.5. ---
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