Manpreet offers two successive discounts of 12% and 8% on the sale of a sweater to his customers on the occasion of Diwali. What is the equivalent single percentage discount offered by Manpreet?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 19.04%.
Equivalent discount = - x - y + xy/100
⇒ -12 - 8 + [negative sign shows discount]
⇒ -20 + 0.96 = -19.04%