What will be a single equivalent discount for successive discounts of 20%, 40% and 75% on the marked price of an item?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 88%
Let the marked price of an article be Rs 100
Then, After three successive discounts of 20%, 40% and 75%, we get
⇒ 100 × (80/100) × (60/100) × (25/100) = 120000/10000 = 12
Thus, the selling price would be Rs 12.
So, the overall discount = [(100 - 12)/100] × 100 = 88%