What is a single discount equivalent to two successive discounts of 10% and 15%?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 23.5%
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Understanding |
Application |
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Given: Two successive discounts of 10% and 15% |
Single equivalent discount = 10 + 15 – (10 × 15)/100 = 25 – 1.5 = 23.5% |