SOLUTION: What is a better deal for the customer, a single discount of 14% or two successive discounts of 12% and 2%?

Question 817822: What is a better deal for the customer, a single discount of 14% or two successive discounts of 12% and 2%?
Answer by mathgranny(13) (Show Source): You can put this solution on YOUR website!

Lets choose something to discount and see.
Let's just say we have a coat that cost 200 dollars.
A one time discount of 14 percent would give us a sale price of
200 - .14(200) = 172 dollars
A discount of 12 percent followed by a discount of 2 percent
gives us.
200 - .12(200) = 176 dollars
and then 176 - .02(176) = 172.48
So a one time discount will give us a sale price of 172
which is better than the 2 successive discounts which would
give us a price of 171.48
RELATED QUESTIONS
which price is better for the buyer, a 40% discount or two successive discounts of... (answered by rfer)

which price is better for the buyer, a 40% discount or two successive discounts of... (answered by richwmiller)

Successive discounts of 20% and 12% are equivalent to a single discount of... (answered by josgarithmetic,greenestamps)

Successive discounts of 12.5% and 5% are allowed on a $1250 table. A) how much is paid... (answered by Alan3354)

What single discount is equivalent to two successive discounts of 15% and 7%? (answered by scott8148)

What single discount is equivalent to two successive discounts of 11% and 8%? (answered by oberobic)

What single discount is equivalent to two successive discounts of 15% and... (answered by jim_thompson5910)

What single discount is equivalent to two successive discounts of 10% and 15%? (answered by lynnlo)

A shopkeeper gives two successive discounts of 8% and 12%. What is overall discount? plz... (answered by jim_thompson5910,rfer)