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What do you understand by Successive Discounts? |
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Answer» When two or more discounts are allowed one after the other, then such discounts are known as successive discounts. In successive discounts, one discount is subtracted from the marked price to get net price after the 1st discount. This net price becomes the marked price and the second discount is calculated on it and subtracted from it to get the net price after second discount and so on. |
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