Discount should apply on running total instead of List price

Summary:

Discount should apply on running total instead of List price
Item Price - $100
Discount 1 - $10
Discount 2 - 5%
Discount 2 is getting applied on $100, our requirement is that the discount 2 should be applied on the $90.

Content (please ensure you mask any confidential information):

We are applying multiple Discounts (assume 2 discounts) and the requirement is that first discount will be applied on the list price. Then the second discount should be applied on the already discount list price. But system is applying the second discount also on the list price.

Version (include the version you are using, if applicable):

25B

Code Snippet (add any code snippets that support your topic, if applicable):