Two successive discounts of 40% and 30% are equal to a single discount of:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 58%.
We know that,
The net effect = x + y + xy/100
here, x = -40, and y = -30
⇒ - 40 - 30 + 1200/100
⇒ - 70 + 12 = 58%