Ajay bought a motor cycle for Rs. 50,000. 2 years later he sold it to Vijay at 10% less of the cost price. Vijay spend 5% of the purchasing price on its maintenance. Later Vijay displayed the sale price of his motorcycle Rs. 50,000. Chetan wanted to purchase it at 15% discount but Vijay gave him two successive discounts of 10% and 5% instead of 15% in one time. What is the actual discount availed by Chetan?
Choose the correct choice from the following options.
A) 15%	B) 15.5%	C) 14.5	%	D) 16.5%	E) Cannot determined
Solution: 100 ----10%↓(1st discount)---&gt; 90----5%↓---&gt; 85.5   Net discount = 100-85.5= 
<gadget id="calculator">100-85.5</gadget>
<output>14.5</output>
14.5%.   Answer: Option 14.5	%
<result>C</result>
Ajay bought a motor cycle for Rs. 50,000. 2 years later he sold it to Vijay at 10% less of the cost price. Vijay spend 5% of the purchasing price on its maintenance. Later Vijay displayed the sale price of his motorcycle Rs. 50,000. Chetan wanted to purchase it at 15% discount but Vijay gave him two successive discounts of 10% and 5% instead of 15% in one time. What is the actual discount availed by Chetan?