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8. The list price of a motorcycle is 80,000. A dealer allows a discount of 8% on it and also a successive
discount of 5% due to Diwali festival. Find the net selling price of the motorcycle.
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Answer:
The diwali discount is on the motorcycle's value after 8% discount is implemented.
So, using formula of compound interest,
A=P(1-R1/100)(1-R2/100)
A=P((100-8)/100)((100-5)/100)
A=80,000×92/100×95/100
A=Rs. 69,920.
so, the selling price of the motorcycle is Rs. 69,920.
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