If the successive discount by 10%,15%, then the single equivalent rate of discount is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 23.5%.
Let gthe amount on which the discounts are given be 100.
According to the given question,
Amount after two successive discounts,
⇒ = 76.5
Single discount = = 23.5%
Hence the required answer is 23.5%.