# Formulas For Successive Discounts

## Formulas For Succcesive Discount

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 cost price of a product. It is often used in consumer transactions, where people are provided with discounts on different products.

Formula for Successive discount is when the first discount is x% and 2nd discount is y% then,

Total discount =   $( x + y – \frac{xy}{100}$)% ### 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 m % and n % is calculated as M + N – $\mathbf{\frac{MN}{100}}$
• 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, M
• Discount = Marked Price – Selling Price
• M (1-D%) = Selling Price
• Selling Price = Cost Price + Gain