Question
If a product is offered two successive discounts of 19%
and 20%, what is the equivalent single discount?Solution
Let the price without discounts be Rs. '100m' Price after successive discounts = 0.81 X 0.8 X 100m = Rs. '64.8m' Required single discount = [(100m - 64.8m) ÷ 100m] X 100 = 35.2%
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