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?
Question
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?
Solution
Step 1: Let's assume the original price of the product is $100 for simplicity.
Step 2: A 20% discount is applied first. So, the discount amount would be 20% of 20. Therefore, the price after the first discount is 20 = $80.
Step 3: Then, a 15% discount is applied to the reduced price of 80, which is 80 - 68.
Step 4: The overall discount is the original price minus the final price, which is 68 = $32.
Step 5: To find the overall discount percentage, we divide the overall discount by the original price and multiply by 100. So, the overall discount percentage is (100) * 100 = 32%.
So, the overall discount percentage is 32%.
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