An article is listed at Rs. 900 and two successive discounts of 8% an…

Question

An article is listed at Rs. 900 and two successive discounts of 8% and 8% are given on it. How much would the seller gain or lose, if he gives a single discounts of 16%, instead of two discounts?

Accepted Answer

Option B. Loss of Rs. 5.76. Answer & Solution Answer: Option B Solution: & Loss = Rs. [ ( 92\% of 92\% of 900 ) - ( 84\% of 900 ) ] & = Rs. [ ( 92100 × 92100 × 900 ) - ( 84100 × 900 ) ] & = Rs. ( 761.76 - 756 ) = Rs.5.76 & = Loss of Rs . 5.76