The successive discounts of 15% and 20% is equivalent to a single discount of:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 32%.
A single discount can be found using the net effect
Net effect = x + y + xy/100
here, x = 15 and y = 20
Single discount = - 15 - 20 + 300/100
⇒ -35 + 3 = -32% [-ve sign is for discount]