A trader offers the following discount schemes on the purchase of a refrigerator: (i) a discount of 10% followed by a discount of 8% (ii) successive d...
Question
A trader offers the following discount schemes on the purchase of a refrigerator:
(i) a discount of 10% followed by a discount of 8%
(ii) successive discounts of 12% and 10%
(iii) two successive discounts of 12%
(iv) a discount of 20%
In which scheme is the selling price the lowest?