An item priced at ₱5,000 is given successive discounts of 20% and 10%. What is the final price?

Correct answer: D. ₱3,600

Apply the discounts one after the other: ₱5,000 × 0.80 = ₱4,000, then ₱4,000 × 0.90 = ₱3,600. Successive discounts of 20% and 10% equal a single discount of 28%, not 30%.

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Answer and explanation

The correct answer is D. ₱3,600

Apply the discounts one after the other: ₱5,000 × 0.80 = ₱4,000, then ₱4,000 × 0.90 = ₱3,600. Successive discounts of 20% and 10% equal a single discount of 28%, not 30%.

Topic: Percentage and Interest Problems MCQs · Subject: Numerical Ability