A shopkeeper wanted to sell ₹2,700 worth of products. But he had two options — giving two successive discounts of 10% and 15%, respectively, or giving a single discount of 25%. What was the difference between the two options?
Answer & explanation
Correct answer: option 1
Price of the product = 2700
Discounts = 10% and 15% successively
And a single discount of = 25%
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 difference = \(\frac{10 × 15}{100}\) = 1.5%
1.5% of 2700 = ₹40.50