Question : Successive discounts of 15% and 35% are equivalent to a single discount of:
Option 1: 42.28%
Option 2: 12.5%
Option 3: 44.75%
Option 4: 33.33%
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Correct Answer: 44.75%
Solution : We know, single equivalent discount = $(a+b-\frac{a×b}{100}$)%, where $a$% and $b$% are successive discounts. ⇒ Single equivalent discount = $15+35-\frac{15×35}{100}=50-5.25=44.75$% Hence, the correct answer is 44.75%.
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