The difference between a single discount of 20% and two successive discounts of 16% and 4% on a bill of ₹50,000 is:
Answer & explanation
Correct answer: option 3
First discount = 20%
Successive discount = 16% and 4%
Successive discount = x + y - \(\frac{x × y}{100}\)
Successive discount = 16 + 4 - \(\frac{16 × 4}{100}\) = 19.36%
Difference = 20 - 19.36 = 0.64%
= 0.64% of 50,000 = ₹320