All Exams Test series for 1 year @ ₹349 only
Question

Successive discounts of 33% and 30% are equivalent to what single discount?

The correct answer is

53.1%

Calculating Single Equivalent Discount for Successive Discounts

When multiple discounts are applied one after another on an item's price, they are called successive discounts. These successive discounts are not simply added together to find the total discount. Instead, each discount is applied to the price remaining after the previous discount.

To find a single equivalent discount that represents the effect of successive discounts, we can use a specific formula or calculate the final price after applying each discount step-by-step.

Method 1: Using the Equivalent Discount Formula

For two successive discounts, $d_1\%$ and $d_2\%$, the single equivalent discount ($D\%$) can be calculated using the formula:

\( D = d_1 + d_2 - \frac{d_1 \times d_2}{100} \)

In this problem, the successive discounts are 33% and 30%.

  • First discount ($d_1$) = 33%
  • Second discount ($d_2$) = 30%

Let's substitute these values into the formula:

\( D = 33 + 30 - \frac{33 \times 30}{100} \)

First, calculate the sum of the individual discounts:

\( 33 + 30 = 63 \)

Next, calculate the product of the discounts divided by 100:

\( \frac{33 \times 30}{100} = \frac{990}{100} = 9.9 \)

Now, substitute these results back into the formula:

\( D = 63 - 9.9 \)

Performing the subtraction:

\( D = 53.1 \)

So, the single equivalent discount is 53.1%.

Method 2: Step-by-Step Calculation (Assuming an Initial Price)

We can also assume an initial price for the item, for example, ₹100, and apply the discounts successively.

  • Assume Initial Price = ₹100

Apply the first discount of 33%:

Discount Amount 1 = 33% of ₹100 = \( \frac{33}{100} \times 100 = \) ₹33

Price after first discount = Initial Price - Discount Amount 1 = ₹100 - ₹33 = ₹67

Now, apply the second discount of 30% on the price after the first discount (₹67):

Discount Amount 2 = 30% of ₹67 = \( \frac{30}{100} \times 67 = 0.30 \times 67 = \) ₹20.10

Price after second discount = Price after first discount - Discount Amount 2 = ₹67 - ₹20.10 = ₹46.90

The total discount received is the difference between the initial price and the final price:

Total Discount = Initial Price - Price after second discount = ₹100 - ₹46.90 = ₹53.10

To find the single equivalent discount percentage, we calculate the total discount as a percentage of the initial price:

Single Equivalent Discount % = \( \frac{\text{Total Discount}}{\text{Initial Price}} \times 100 \)

Single Equivalent Discount % = \( \frac{53.10}{100} \times 100 = 53.1 \)

This method also shows that the single equivalent discount is 53.1%.

Both methods confirm that successive discounts of 33% and 30% are equivalent to a single discount of 53.1%.

Revision Table: Successive Discounts

Concept Description Formula (for two discounts \(d_1, d_2\))
Successive Discounts Multiple discounts applied one after another on the reduced price. N/A
Single Equivalent Discount A single discount percentage that gives the same final price as successive discounts. \( D = d_1 + d_2 - \frac{d_1 d_2}{100} \)

Additional Information: Calculating with Successive Discounts

Understanding successive discounts is important for various calculations involving sales, taxes, and commissions. Here are a few key points:

  • The order of successive discounts does not affect the final price. Applying 33% then 30% gives the same result as applying 30% then 33%.
  • The single equivalent discount is always less than the sum of the individual discounts ($d_1 + d_2$), because the second discount is applied to a smaller amount.
  • The formula \(D = d_1 + d_2 - \frac{d_1 d_2}{100}\) can be extended for more than two successive discounts, but it becomes more complex. Alternatively, it's often easier to calculate the final price using the step-by-step method or by calculating the percentage of the price remaining after each discount. For example, a 33% discount means 67% of the price remains, and a 30% discount means 70% of the price remains. The final price is \( \text{Initial Price} \times (1 - \frac{d_1}{100}) \times (1 - \frac{d_2}{100}) \). For ₹100, this would be \( 100 \times (1 - 0.33) \times (1 - 0.30) = 100 \times 0.67 \times 0.70 = 100 \times 0.469 = 46.9 \). The total discount is \( 100 - 46.9 = 53.1 \), which is 53.1% of 100.
Was this answer helpful?

Important Questions from Successive Selling

  1. A dealer sold an article at a loss of 2%. Had he sold it for Rs. 44 more, he would have gained 20%. Find the cost price of the article

  2. Radha purchased a Computer table for Rs. 10000 and a Centre table for Rs. 5000. She sold Computer table with 8% profit. With what profit percent should she sell the Centre table so as to gain 10% on the whole transaction.

  3. If selling price of 75 articles is equal to cost price of 60 articles, then the approximate loss or gain percent is :

  4. A.T.V. is sold at 8% gain. Had it been sold for Rs.2553 less; there would have been loss of 15%. To gain 18%, the selling price (in Rs.) of T.V. would be:

  5. Some fruits are bought at 15 for Rs. 140 and an equal number of fruits at 10 for Rs. 120. If all the fruits are sold at Rs. 132 per dozen, then what is the profit percent in the entire transaction?

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App