Two successive discounts of 30% and 20% are equivalent to a single discount of:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 44%.
Given that
Two successive discounts of 30% and 20%
Formula used
The single discount equivalent to the two successive discounts = x + y - xy/100
Calculation
The single discount = 30 + 20 - (30 × 20)/100 = 50 - 6 = 44%