What is the equivalent single discount of two successive discounts of 12% and 10%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 20.8%.
Successive discount of 12% and 10% = 12 + 10 - (12 × 10)/100
⇒ 12 + 10 - 1.2 = 20.8%