The difference between a discount of 40% on ₹ 500 and two successive discounts of 36% and 4% on the same amount is?

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Accepted Answer

∵ Single discount equivalent to 36% and 4% = 36 + 4 - {(36 x 4)/100} = 38.56 ∴ Required difference = {(40 - 38.56) x 500}/100 = 1.44 x 5 = ₹ 7.20

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