Math Problem Statement

a wholesale vegetable vendor sold potatoes marked at rs 1000. four successive discounts of 10% each instead of the promised 40% discount. by what amount did the vendor defraud the customer (a) 58.10 rupees (b) 56.10 rupees (c) 65.10 rupees (d) 66.10 rupees

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage
Successive Discounts

Formulas

Percentage calculation
Successive discount calculation

Theorems

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Suitable Grade Level

Grades 6-8