Profit & Loss Mcqs


Q.  The successive discounts 20% and 15% are equal to a single discount of__________?

a. 35%
b. 38%
c. 32%
d. 29%
e. None of these


ANSWER: See Answer
 
Let the CP of an article be Rs. 100

Given that successive discounts are 20% and 15%.
SP = 85% of 80% of 100 = (85/100)(80/100)(100)
=> SP = Rs. 68
Clearly, single discount is 32%.
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