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Get Hiring UpdatesFormulas For Successive Discounts
Formulas for Successive Discounts
Here, In this Page Formulas for Successive Discounts is given.Discount refers to an Amount or Percentage deducted from the Standard Selling Price of Product.
For example, we may ask the manager for a discount if the item is damaged.Discount refers to the condition of the price of a bond that will be lower than the face value. Discount is a type of reduction or deduction in the Marked price of a product. It is often used in consumer transactions, where people are provided with discounts on different products.
Successive Discounts Formulas & Definitions
- Successive discount is discount on discount.
Case 1 : If there are two discounts:
The formula for total discount in case of successive-discounts:
If the first discount is x% and 2nd discount is y% then,
Total discount = ( x + y – \frac{xy}{100})%
Case 2 : If there are three discounts:
If there are three discounts as x%, y% and z% then find the total discount of x % and y% first and using it find the total discount with z%
- Marked price is the price marked on the product. It is the same price on which you get discounts.
- They revolve around Profit & Loss, Selling Price & Marked Price.
Formulas for Successive Discounts
- Single discount, which is equal to two successive discounts x % and y % is calculated as x + y – \mathbf{\frac{xy}{100}}
- When the SP of x articles is equal to CP of y articles, then earned profit in percentage is calculated as Profit percent = \frac{difference in x and y}{x} × 100
- Discount = D% of Marked price
- Discount = Marked Price – Selling Price
- Marked Price (100%-D%) = Selling Price
- If Profit then Selling Price = Cost Price + Gain
- If Loss then Selling Price = Cost Price – Loss
Read Also – Tips & tricks to solve successive discount questions
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