An article is listed at ₹ 5,000 and two successive discounts of 12% and 12% are given on it. How much will the seller gain or lose if he gives a single discount of 24%?

Loss ₹72

Price of the product = 5000

Discounts = 12% and 12% successively

And a single discount of = 24%

so in this type of questions when the sum of both the discounts that are given successively and single is same then the difference between them is always = \(\frac{x × y}{100}\)

So, the loss = \(\frac{12 × 12}{100}\) = 1.44%

1.44% of 5000 = ₹72