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Profit, Loss and Discount: Successive Discounts

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Practice Questions

Concept Explanation

When two discounts d₁% and d₂% are applied one after another on MP:

SP = MP × (1 − d₁/100) × (1 − d₂/100)

Equivalent single discount = d₁ + d₂ − (d₁ × d₂)/100

Example: 10% and 20% → equivalent = 10 + 20 − 2 = 28%.