The successive discounts of 12%, 20% and 25% are equivalent to a single discount of:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 47.2%.
Given:
The successive discounts of 12%, 20% and 25%
Calculations:
According to the question;
Equivalent discount of 12% and 20% = 12 + 20 - (12 × 20)/100
= 32 - 2.4 = 29.6%
Equivalent discount of 29.4% and 25% = 29.6 + 25 - (29.6 × 25)/100
= 54.6 - 7.4 = 47.2%
Hence, the required discount percentage is 47.2%.