find the single discount which is equivalent to two successive discount of 20 % and 5 percentage
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let the marked price be 100.
then , discount of 20% = 20/100*100=20
on reducing amount = 100-20 = 80
discount of 5% = 5/100*80 = 4
on reducing amount = 80-4 = 76 (net price)
to find a single discount equal to two successive discounts of 20% and 5%:
discount = marked price - net price
= 100 - 76 = 24%
hence, 24% is the single discount equal to discount of 20% and 5%.
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