The single discount equivalent to the discount series of 15%, 20%, and 5% is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 35.4%.
Successive discount of 15% and 20% = 15 + 20 - (15 × 20)/100 = 15 + 20 - 3 = 32%
Successive discount of 32% and 5% = 32 + 5 - (32 × 5)/100 = 32 + 5 - 1.6 = 35.4%