A manufacturer offers a 25% discount on the marked price of a product. The retailer offers another 28% discount on the reduced price. What is the single discount equivalent to the two discounts offered?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 46%
Given that
The first discount is given on the marked price = 25%
The second discount given = 28%
According to the question
The single equivalent discount = 25 + 28 - [(25 × 28)/100]
= 53 - 7 = 46%