A store offers two successive discounts of 12% and 18% on an item. What is the equivalent single discount that a customer would receive if these two discounts were applied together?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 27.84%.
Equivalent single discount = 12 + 18 – (12 × 18) / 100
= 30 – 2.16
= 27.84%