koutons retail gives successive discount of 60% and 40% repectively what
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A discount equivalent to the successive discount of 60% and 40% is 76%
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Given:
Successive discount = 60% and 40%
To Find:
Net discount
Solution:
Successive discount:
It entails giving a product a discount many times, i.e. one discount after another.
The formula for finding net discount when two successive discounts is given = (a+b) -(ab)/100
According to the question:
a = 60% b = 40%
Net discount = (60+40)- (60×40)/100
= 100- 24
= 76%
Hence, net discount is 76%
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