A shopkeeper offers 25% discount on the Marked price. Another shopkeeper offers three successive discounts of 5%, 12% and 10% on the same Marked price. The difference between the discounts given by two shopkeepers is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 0.24%.
Concept used:
Successive discounts calculations
Calculations:
Equivalent discount of 5% and 12% = 5 + 12 - (60/100) = 17 - 0.6 = 16.4%
Equivalent discount of 16.4% and 10% = 16.4 + 10 - (164/100) = 24.76%
Hence, the required difference = 25 - 24.76 = 0.24%