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})%

Formulas of successive discount

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  

Read Also  – Tips & tricks to solve successive discount questions