Three successive discounts of 25% each on the marked price of an item are together equivalent to a single discount (correct up to 2 decimal places) of:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 57.81%.
Successive discount of 25%, 25%, 25%
=
= 100 - 42.1875
= 57.8125 = 57.81%