what is difference between successive and net discount....???
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As the successive discount is 10% and 20% Total discount = ( x + y - xy / 100 ) % x = 10% and y = 20% Total discount = [ 10 + 20 – ( 10 x 20) / 100] % = ( 30 – 200 /100 ) %
There are two definitions of the net of discount term. They are: A manufacturer's coupon is typically applied to the price of a product only after all other discounts have been applied to it, or "net of discounts." For example, a coupon offers 20% off the $100 retail price of a product, net of discounts.
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Hence, A discount of flat 70% is better than a successive discount of 40 % and 30%.
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