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The difference between a discount of 40% on ₹ 500 and two successive discounts of 30% and 10% on the same amount is
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- ₹ 15
- ₹ 0
- ₹ 20
- ₹ 10
Correct Option: A
As we know the formula for Equivalent discount.
Single equivalent discount of two consecutive discount of 30% and 10%
| = 30 + 10 – | = 37% | |
| 100 |
∴ Required difference = 40% of 500 – 37% of 500
= 3% of 500
| = 500 × | = ₹ 15 | |
| 100 |
