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The difference between a discount of 40% on ₹ 500 and two successive discounts of 36% and 4% on the same amount is?
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- ₹ 0
- ₹ 2
- ₹ 1.93
- ₹ 7.20
Correct Option: D
∵ Single discount equivalent to 36% and 4%
= 36 + 4 - {(36 x 4)/100} = 38.56
∴ Required difference
= {(40 - 38.56) x 500}/100 = 1.44 x 5 = ₹ 7.20
