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Profit, Loss & Discount · Question 60 of 72

Question 60

EasyOriginal question

A wholesaler gives three successive discounts of 10% each. What is the single equivalent discount?

Options for question 60

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Price paid = 0.9×0.9×0.9=0.7290.9 \times 0.9 \times 0.9 = 0.729 of MP.

  2. Single discount = 1−0.729=0.271=27.1%1 - 0.729 = 0.271 = 27.1\%.

Worth noting

72.9% is the part PAID, not the discount. 30% wrongly adds the three rates.

Concept
Three successive discounts
Typical time
45 s
Your time
—
The rule this testsSuccessive discounts
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