Successive Discount


 
 
Concept Explanation
 

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: x; and; y ;are; negative; and ;net; decrease =-x-y+frac{xy}{100};%

Total discount offered on the bag

              =-10 - 20 + frac{10 times 20}{100}%

             =-30 + frac{200}{100}%

            =-30 + frac{200}{100}%

           =-30+2=-28%

   Discount = 28% of Rs 570

                =frac{28}{100}; times ;570= Rs;159.6

 Selling price = store price – discount

                  = Rs 570 - Rs 159.6

                  = Rs 410.4

Sample Questions
(More Questions for each concept available in Login)
Question : 1

If the discounts on the printed price of an item are 20% and 12½ and 5 % respectively, what is the total percentage of actual discount?

Right Option : B
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Explanation
Question : 2

 The store price of a t-shirt is Rs 950. The successive discounts offered by the store is 30% and 50%. Calculate the total discount offered by the store. Also calculate the selling price of the t-shirt.

Right Option : C
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Explanation
Question : 3

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
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Explanation
 
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