IBPS Clerk Prelims Model Paper 4

Let Rs. 100 be the original price of the old furniture set.
After the first reduction of 12%, the price = 100 – 12 = Rs. 88
The second discount = Rs. 88 ×

15

100

= Rs. 13.20
Price after the second reduction = 88 – 13.20 = Rs. 74.80
Third reduction = Rs. 74.80 ×

20

100

= Rs. 14.96
Price after the third and final discount = Rs. (74.80 –14.96) = Rs. 59.84
Total reduction = Rs. (100 – 59.84) = Rs. 40.16
Total discount on the furniture set = 40.16%