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An article is listed at Rs. 900 and two ...

An article is listed at Rs. 900 and two successive discounts of 8% and 8% are given on it. How much would the seller gain or lose, if he gives a single dicount of 16% instead of two discounts ?

A

Gain of Rs. 4.76

B

Loss of Rs. 5.76

C

Gain of Rs. 5.76

D

Loss of Rs. 4.76

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to calculate the selling price of the article after applying two successive discounts of 8% each, and then compare it with the selling price after applying a single discount of 16%. Finally, we will determine if there is a gain or loss. ### Step-by-Step Solution: 1. **Calculate the Selling Price after Two Successive Discounts of 8%:** - The listed price of the article = Rs. 900. - First discount = 8% of Rs. 900. \[ \text{First Discount} = \frac{8}{100} \times 900 = 72 \] - Selling price after the first discount: \[ \text{Selling Price after 1st Discount} = 900 - 72 = 828 \] - Second discount = 8% of Rs. 828. \[ \text{Second Discount} = \frac{8}{100} \times 828 = 66.24 \] - Selling price after the second discount: \[ \text{Selling Price after 2nd Discount} = 828 - 66.24 = 761.76 \] 2. **Calculate the Selling Price after a Single Discount of 16%:** - Single discount = 16% of Rs. 900. \[ \text{Single Discount} = \frac{16}{100} \times 900 = 144 \] - Selling price after single discount: \[ \text{Selling Price after Single Discount} = 900 - 144 = 756 \] 3. **Determine Gain or Loss:** - Selling price after two successive discounts = Rs. 761.76. - Selling price after single discount = Rs. 756. - To find the gain or loss: \[ \text{Gain or Loss} = \text{Selling Price after 2nd Discount} - \text{Selling Price after Single Discount} \] \[ \text{Gain or Loss} = 761.76 - 756 = 5.76 \] - Since the result is positive, it indicates a gain. ### Final Answer: The seller would gain Rs. 5.76 if he gives a single discount of 16% instead of two successive discounts of 8%.
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