Multiple choice

A shopkeeper marks the price of an article at 80. What will be the selling price, if he allows two successive discounts at 5% each?

  1. 72.2

  2. 72

  3. 85

  4. 7.2
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A Correct answer
Explanation

Successive discounts of 5% mean the price becomes 80 * 0.95 * 0.95 = 80 * 0.9025 = 72.2.

AI explanation

Using the formula for two successive discounts, Final Price = Marked Price * (1 - d1/100) * (1 - d2/100). Substituting the given values gives 80 * (1 - 0.05) * (1 - 0.05). This simplifies to 80 * 0.95 * 0.95, which results in a selling price of 72.2.

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