successive discounts of 20% and 15% are given on an article what would be the effective single discount on it
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Let the mark price be 100 then,
20% of 100 = 20/100×100 = 20
after first discount = 100-20 = 80
15% of 80 = 15/100×80 = 12
after second discount = 80-12 = 68
now,
100 is reduced by = 100-68 = 32
so, effective single discount = 32/100×100 = 32%
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