The successive discounts of 30%, 25% and 15% is equivalent to a single discount of?Options
Question
Solution 1
To find the equivalent single discount for successive discounts, we can use the formula:
Equivalent single discount = 1 - (1 - d1) * (1 - d2) * (1 - d3)
where d1, d2, and d3 are the three successive discounts.
Here, d1 = 30% = 0.30, d2 = 25% = 0.25, and d3 = 15% = 0.15.
So, the equivalent single Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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