Question: Twenty successive discount of 5%, 10%, 15%, 20%,... is equivalent to what single discount?
Answer:
successive discount formula:
(where A and B are the successive discounts.)
The successive discounts are:
This forms an arithmetic sequence with:
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First term () = 5%
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Common difference () = 5%
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Number of terms () = 20
*We apply the formula step by step, merging two successive discounts at a time.
First Iteration:
Merging 5% and 10%:
Second Iteration:
Merging 14.5% and 15%:
If we continue this iterative process for all 20 discounts, we get:
Additional Method :
Successive discount shortcut formula:
where are the successive discounts.
**Identify the Given Data
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Discounts: 5%, 10%, 15%, ..., 100% (20 terms)
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Shortcut approach: Instead of calculating step-by-step, we calculate the final price factor:
**Direct Calculation
Since the last discount is 100%, the price factor becomes zero because:
Thus, the final price is zero, meaning the equivalent single discount is 100%.
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