please explain successive discount
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Successive discount is the discount offered on the discount. It is similar to compound interest (interest on interest). Let us have an example to understand the concept. Let the original price of a CD be 'x'. a shopkeeper offers a discount of 'y%' and again 'z%' on the new price.
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successive discount is the discount offered on the discount . it is similar to compound interest so you can say that successive discount is a type of compound interest .
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