Best answer: What is successive discount?

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.

How do you calculate 3 successive discount?

Total discount = (d + z – dz / 100) %

  1. Final discount = [28 + 30 – (28 x 30) / 100] % = (58 – 840 /100) % = 49.6%
  2. Which means Discount = 49.6% of 1000 = (49.6 / 100) x 1000 Rs 496.
  3. Selling price = M.P – Discount = 1000- 496 = 504.

Is 40 or 30 successive discount better?

Hence, A discount of flat 70% is better than a successive discount of 40 % and 30%.

How do you calculate 2 discounts?

Please keep in mind that the second discount is applied to the price AFTER the first discount has been applied. For example, if the original price was $50 and we have two discounts: 20% and 10% , then we’re doing something like this: $50 – 20% = $50 – $10 = $40 . Then $40 – 10% = $40 – $4 = $36 .

What is successive formula?

Lets try an example. If there’s an increase of 20% and then a decrease of 10%, the successive percentage will be (20 + (-10) + 20 * (-10) / 100 ) = 20 – 10 – 2 = 8% increase. Now in case of discounts, the value of discount percentages will be considered negative.

IT IS INTERESTING:  How do you get a discount when buying a car?

When calculating the successive discounts of 15 and 10 on a $100 item?

Therefore the option (a) is correct about the successive discounts of 15% and 10% on a $100 item is $76.5 .

Is Successive a discount?

If we look from the customer’s point of view we will find 20% off on the t-shirt. But from shopkeeper’s point, he is actually selling his product for $ 640 even after giving a discount of 20%, which he bought for $ 500. Now the selling price of the CD will be = x−(y+z−yz100)×x. …

What is the exact equivalent discount of three successive?

∴ The discount% is 38.8%.

What is better a successive discount of 40%?

100 x 0.3=Rs. 30. So when successive discounts of 40% and 30% are given there will be a loss of 12%(42–30) discount as a whole. This is due to 40% of the 30%=12% .

What is the net discount for successive discounts of 30% and 40%?

Given: The successive discount are 40% and 30%. ∴ The single equivalent discount is 58%.

Which is a better option a single discount of 40%?

Single discount of 40% is better option.

So, Single discount becomes, Hence, Single discount of 40% is better option.

Shopping life