What is the equivalent discount percentage corresponding to two successive discounts of 9% and 17%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 24.47%.
If two successive discounts are x% and y%, the equivalent single discount percentage D is given by:
D = x + y -
given
x = 9%
y = 17%
D = 9 + 17 −
D = 26 −
D = 26 − 1.53
D = 24.47%