An article is listed at Rs 900 and two successive discounts of 8% and 8% are given on it. How much would the seller gain or lose, if he gives a single discount of 16%, instead of two discounts?
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Answer:
Loss of 5.76 Rs.
Step-by-step explanation:
Equivalent discount for two successive discounts of 8% and 8%
=(8+8−8×8100)%
=(16−0.64)%=15.36%
∴SP=(100−15.36)%ofRs.900
=Rs.(84.64×900100)
=Rs.761.76
For a single discount of 16%
SP=84%of900
=Rs.(84×900100)=Rs.756.
Certainly seller will lose in this case.
∴Loss=Rs.(761.76−756)
=Rs.5.76
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