Question : Successive discounts of 15% and 30% are equivalent to how much percent of a single discount?
Option 1: 52.8%
Option 2: 20.5%
Option 3: 33.33%
Option 4: 40.5%
Correct Answer: 40.5%
Solution :
Successive equivalent discounts of 15% and 30%
$=30 + 15 - (\frac{30 × 15}{100})$
$=45 - \frac{45}{10}$
$=45 - 4.5$
$=40.5$%
Hence, the correct answer is 40.5%.
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