Successive discounts of 10%, 15% and 4% on ₹ 12,500 are equal to:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.s. Rs.3320.
Single discount of two successive discounts = x + y + xy/100
- 10 - 15 + 150/100 = - 25 + 1.5 = - 23.5 [negative sign shows the discount]
- 23.5 - 4 + 94/100 = - 27.5 + 0.94 = - 26.56
Now according to the question
12500 × 26.56% = Rs.3320