The difference between a discount of 40% on Rs.500 and two successive discounts of 36% and 4% on the same amount is
Correct Answer: Description for Correct answer:
Single equivalent discount for successive discounts of 36% and 4%
= \( \Large \left(36+4-\frac{36 \times 4}{100}\right) \)
= 38.56%
Therefore, Difference
= \( \Large 500 \times \left(40-38.56\right) \)%
= \( \Large \frac{500 \times 1.44}{100} \)
= Rs.7.20
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