The price of a cycle is reduced by 25 per cent. The new price is reduced by a further 20 per cent. The two reductions together are equal to a single reduction of
Choose the correct choice
A) 45%	B) 40%	C) 35%	D) 32.5%	E) 30%
Price = p   initially price reduced by 25% which means new price is 3/4P   Now on this new price further 20 percent is reduced which means the new price is merely 80 percent of 3/4P   ==&gt; (3/4)x(4/5)P = 12/20P is the new price after both deduction which is 60 percent of the original value P. This implies this entire series of deduction is worth having discounted 40% of P. So answer is 40% = 40%   ANSWER:40%
<result>B</result>
The price of a cycle is reduced by 25 per cent. The new price is reduced by a further 20 per cent. The two reductions together are equal to a single reduction of