Successive Discount
Successive Discount
Successive discount: Successive discount is the discount offered on the discount. It is similar to compound interest (interest on interest).
Illustration: In a store the successive discounts offered on a bag are 10% and 20%. The store price of the bag is Rs 570. Then calculate the selling price of the bag.
Solution: Successive discounts offered on the bag = 10% and 20%
Both percentage changes are positive:
Total discount offered on the bag
Discount = 28% of Rs 570
Selling price = store price – discount
= Rs 570 - Rs 159.6
= Rs 410.4
Formula of successive discount is | |||
| Right Option : A | |||
| View Explanation | |||
The marked price of a shirt is Rs.1000. A shopkeeper offers 10% discount on this shirt and then again offers 20% discount on the new price, and then and then again offers 30% discount on the new price . How much will you have to pay, finally? | |||
| Right Option : A | |||
| View Explanation | |||
A number is first increased by 10% and then it is further increased by 20%. The original number is increased altogether by: | |||
| Right Option : A | |||
| View Explanation | |||
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