Ajay bought a motor cycle for Rs. 50,000. 2 years later he sold it to Bijoy spent 5% of the purchasing price on its maintenance. Later Bijoy displayed the sale price of his motorcycle Rs. 50,000. Chetan wanted to purchase it at 15% discount but Bijoy gave him two successive discounts of 10% and 5% instead of 15% in one time.What is the actual discount availed by chetan?
Correct Answer: 14.5%
Explanation:
MP = 100
Price after first discount = 90.
Price after second discount = 85.5
So, the net discount = 100 - 85.5 = 14.5%
