Question:
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.
Solution:
C. $\mathrm{P}$ of the briefcase $=$ Rs. 800
Loss $=8 \%$
S. P $=$ CP $\left(\frac{100-\text { loss } \%}{100}\right)$
$=800\left(\frac{100-8}{100}\right)$
$=800 \times 0.92=$ Rs. 736
If the $p$ rice is further reduced by $5 \%$, the $s$ elling price of the briefcase will be
$=$ Rs. $\left(736-736 \times \frac{5}{100}\right)$
$=736\left(\frac{100-5}{100}\right)$
$=736 \times 0.95$
$=$ Rs. $699.20$
Thus, the selling price of the briefcase will be Rs 699.20.