A shopkeeper allows a discount of 10% on his goods. For cash payments, he further allows a discount of 20%. Find a single discount equivalent of the above offer
Let the M.P. = Rs. 100,
∴ S.P. =80% of 90% of Rs. 100= Rs. (80100×90100×100)= Rs. 72
∴ Single discount = Rs. 100− Rs. 72= Rs. 28
Single discount rate =28100×100=28%.