The price of a cycle is reduced by 25 % The new price is reduced by a further 20 %. The 2 reductions together are equal to a single reduction of Select the correct option.
A) 30	B) 40	C) 60	D) 80	E) 90
Let the original price of the cycle be 100. After the first reduction the price will be 75.   This new price is then reduced by 20% = 0.8 x 75 = 60   60 represents a reduction of 40 percent on the original.   60
<result>C</result>
The price of a cycle is reduced by 25 % The new price is reduced by a further 20 %. The 2 reductions together are equal to a single reduction of