A dealer offers a discount of 20%., 10% and 5%. Find the single equivalent rate of discount.
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9
Answer:
let the M.P be 100
first discount=20% of mp
=20/100*100
=20
mp after first discount
=100-20=80
now the mp =80,second discount=10% of mp
=10/100*80
=8
mp after second discount=80-8=72
now the mp after second discount=72
third discount=5% of mp
=5/100*72
=3.6
mp after third discount=72-3.6
=68.4
the single discount equivalent to given successive discount=(100-68.4)%
=31.6%
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