Three successive discounts of 20% on the marked price of a commodity are together equivalent to a single… · ABC26GN2802
Subject: General Aptitude · Chapter: Profit and Loss
Three successive discounts of 20% on the marked price of a commodity are together equivalent to a single discount of
(a)48.8%
(b)50.2%
(c)55.8%
(d)60%
Answer
Explanation
Let marked price be ₹100. Then, S.P. = 80% of 80% of 80% of ₹100 = $\frac{80}{100} \times \frac{80}{100} \times \frac{80}{100} \times 100 = ₹51.20$. Single discount = (100 – 51.20)% = 48.8%.
Explanation as extracted from the printed page; notation may be imperfect.
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