SOLUTION: a defective briefcase costing rs.800 is being sold at a loss of 8% if the price is further reduced by 5% find its selling price.

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Question 101261: a defective briefcase costing rs.800 is being sold at a loss of 8% if the price is further reduced by 5% find its selling price.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
a defective briefcase costing rs.800 is being sold at a loss of 8% if the price is further reduced by 5% find its selling price.
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1st selling: 800(1-0.08)
=800(0.92) = 736 rs
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Final selling:
736(1-0.05)
736(0.95)= 699.20 rs
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Shorter way to do it:
800*0.92*0.95 = 699.20rs
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Cheers,
Stan H.