An article is listed at 900 Rs. 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 discount of 16%, instead of two discounts?
[A] Gain of 4.76 Rs.
[B] Gain of 5.76 Rs.
[C] Loss of 4.76 Rs
[D] Loss of 5.76 Rs

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This question is part of UPSC Prelims Practice and Mock Tests membership programme.