find the singe discount equivalent to three successive discounts of 20%, 5% and 1%
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Given:-
Successive discount = 20% , 5% and 1% .
Equivalent discount = ?
Let the price be taken as 100.
For 20% discount,
Discounted price = 100 - 20% of 100
Discounted price = 100-20
Discounted price = 80-20% of 80
Discounted price = 80- 4
Again ,
Discounted price = 76 - 1% of 100
Discounted price = 76 - 0.76
Now,
For equivalent discount :-
= 24.76%
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