Manpreet offers two successive discounts of 12%
Manpreet offers two successive discounts of 12% and 8% on the sale of a sweater to his customers on the occasion of Diwali. What is the equivalent single percentage discount offered by Manpreet?
मनप्रीत दीवाली के अवसर पर अपने ग्राहकों को स्वेटर की बिक्री पर 12% और 8% की दो क्रमिक छूटें प्रदान करता हैं। मनप्रीत द्वारा प्रदान की गई समतुल्य एकल प्रतिशत छूट क्या है?
Detailed Solution & Logic
Correct Answer:
19.04%
Let the marked price be 100
First discount = 12%
Price after first discount = $100 \times (1 - \frac{12}{100}) $
=$ 100 \times 0.88 $= 88
Second discount = 8%
Price after second discount} = $ 88 \times (1 - \frac{8}{100})$
$ 88 \times 0.92 $ = 80.96
Net price after both discounts = 80.96
Equivalent single discount = 100 - 80.96 = 19.04%
Answer: 19.04%
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