Successive discounts of 28% and 12% are equivalent to a single discount ofChoose the best optionClear Response30%35.53%32%36.64%
Question
Solution 1
To find the equivalent single discount for successive discounts, you can use the formula:
Equivalent single discount = 1 - (1 - discount1) * (1 - discount2)
Here, discount1 is 28% (or 0.28 in decimal form) and discount2 is 12% (or 0.12 in decimal form).
So, the equivalent single discount is:
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