A store offers two successive discounts on a product: the first is 12%, and the second is 8%. What is the single equivalent discount percentage?
Show answer & explanation
Correct answer: A
Explanation
Equivalent discount % = a + b - (ab/100)
Where, a = 12% and b = 8%
Equivalent discount = 12 + 8 - (12 × 8)/100= 19.04%