What is the single percentage discount equivalent to two successive discounts of 15% and 5%?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 19.25%.
Formula used:
Equivalent discount of two successive discount = a + b - ab/100 ---- (1)
Calculations:
Using equation (1), we get
⇒ Equivalent discount = 15 + 5 - (15 × 5)/100
⇒ 20 - 0.75 = 19.25%