document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1101768>Question 1101768</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Successive discounts of 20% and 12% are equivalent to a single discount of what? </SPAN>\n" );
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document.write( "To me, at least, \"successive discounts\" clearly means the second discount is on the already discounted price....<br><BR>\n" );
document.write( "When the price is discounted 20%, 80% of the price remains.  If the original price is x, then the discounted price after the first discount is 0.80x.<br><BR>\n" );
document.write( "When THAT price is reduced by 12%, 88% of it remains.  The price after the second discount is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.80x+%2A+0.88+=+0.704x ALIGN=MIDDLE  ALT=\"0.80x+%2A+0.88+=+0.704x\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "The new price is 70.4% of the original price; the effective discount is 100-70.4 = 29.6%. </SPAN>\n" );
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