Formulas For Successive Discounts

January 5, 2022

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

How to Solve Successive Discount Questions Quickly

Questions and Answers of Successive Discount