The price of a certain mobile set is discounted by 10% and the reduced price is then discounted by 10%. This series of successive discounts is equivalent to a single discount of:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 19%
Given that
Two successive discounts = 10% and 10%
According to the question
The single equivalent discount = 10 + 10 - 100/100 = 20 - 1 = 19%