The single discount equivalent to the successive discounts of 30 percent, 15 percent and 5 percent is:
Show answer & explanation
Correct answer: B
Explanation
The Correct answer is option 2 i.e. 43.475 percent
Given that
The successive discounts of 30 percent, 15 percent and 5 percent
According to the question
The single discount of the successive discounts of 30% and 15% = 30 + 15 + (30 × 15)/100
= 45 - 4.5 = 40.5%
Now, the single discount is equivalent to the successive discounts of 49.5% and 5%
= 40.5 + 5 - (40.5 × 5)/100 = 43.475 %