The price of a cycle is reduced by 25 per cent. The new price is reduced by a further 40 per cent. The two reductions together are equal to a single reduction of
Select:  A) 45%  B) 55%  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 40percent is reduced which means the new price is merely 60percent of 3/4P   ==&gt; (3/4)x(3/5)P = 9/20P is the new price after both deduction which is 45percent of the original value P. This implies this entire series of deduction is worth having discounted 55% of P. So answer is 55% = 55%
<result>B</result>
The price of a cycle is reduced by 25 per cent. The new price is reduced by a further 40 per cent. The two reductions together are equal to a single reduction of