Q:

Successive discounts of a% and b% on the marked price of an article is equivalent to a single discount of:
1). \(\left( {a – b\; + \;\frac{{ab}}{{100}}} \right)\% \)
2). \(\left( {a – b – \frac{{ab}}{{100}}} \right)\%\)
3). \(\left( {a\; + \;b – \frac{{ab}}{{100}}} \right)\%\)
4). \(\left( {a\; + \;b\; + \;\frac{{ab}}{{100}}} \right)\%\)

PROFIT AND LOSS

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