The single discount equivalent to two successive discounts of 15% and 12% on an article is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 25.2%
Given:
Two successive discounts of 12% and 15%.
Formula used:
net effect = [D1 + D2 - (D1D2)/100]%
Where D1 and D2 are successive discounts respectively.
Calculation:
Net effect = [15 + 12 - (15 12)/100]%
⇒ 25.2%