Successive discounts of 28% and 12% are equivalent to a single discount ofChoose the best optionClear Response30%35.53%32%36.64%
Question
Successive discounts of 28% and 12% are equivalent to a single discount of
Choose the best option:
- 30%
- 35.5%
- 32%
- 36.6%
Solution
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:
= 1 - (1 - 0.28) * (1 - 0.12) = 1 - (0.72 * 0.88) = 1 - 0.6336 = 0.3664
So, the equivalent single discount is 36.64%.
Similar Questions
Successive discounts of 28% and 12% are equivalent to a single discount ofChoose the best optionClear Response30%35.53%32%36.64%
The successive discounts of 30%, 25% and 15% is equivalent to a single discount of?Options
___________ discount is given to a buyer over a longer period of time instead of every order.Group of answer choicesQuantitySpecialVolumeUndisclosed
An item marked at Rs 840 is sold for Rs 714. What is the percentage (%) of discount?
If a discount of 20% is applied to a product and then another discount of 15% is applied to the reduced price, what is the overall discount percentage?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.