The difference between a discount of 30% on ₹5,000 and two successive discounts of 15% and 25% on the same amount is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹312.50.
Given that
The two successive discounts of 15% and 25%
The single discount equivalent to the two successive discount = 15 + 25 - (15 × 25)/100 = 40 - 15/4 = 36.25%
According to the question
The difference of the 36.25% and 30% discounts = 36.25% - 30% = 6.25%
Hence, the required difference = 5000 × (6.25/100) = ₹312.50