Successive discount of 15% and 35% is equivalent to a single discount of:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 44.75%.
Formula used:
If a and b are two successive discounts,
equivalent discount = a + b - (a × b)/100
Calculations:
⇒ Equivalent discount = 35 + 15 - (35 × 15)/100
⇒ 50 - 5.25
⇒ 44.75%