An article is listed at Rs. 900 and two successive discounts of 8% and 8% are gi

Question

An article is listed at Rs. 900 and two successive discounts of 8% and 8% are given on it. How much would the seller gain or lose, if he gives a single discounts of 16%, instead of two discounts?

Options:

A . Gain of Rs. 4.76

B . Loss of Rs. 5.76

C . Loss of Rs. 4.76

D . Gain of Rs. 5.76

Answer: Option B

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