The price of a certain laptop is discounted by 20% and the reduced price is then discounted by 20%. This series of successive discounts is equivalent to a single discount of:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 36%
Successive discount = a + b - (a × b)/100
⇒ 20 + 20 - (20 × 20)/100
⇒ 40 - 400/100
⇒ 40 - 4 = 36%