Question : Two successive price decreases of 20% and 30% of an article are equivalent to a single price decrease of:
Option 1: 50%
Option 2: 44%
Option 3: 25%
Option 4: 40%

Question

Question : Two successive price decreases of 20% and 30% of an article are equivalent to a single price decrease of:

Option 1: 50%

Option 2: 44%

Option 3: 25%

Option 4: 40%

Team Careers360 · Accepted Answer

Correct Answer: 44%

Solution : Single equivalent discount = $(a+b–\frac{a×b}{100}$)%, where $a$% and $b$% are successive discounts.
⇒ Single equivalent discount = $20+30-\frac{20×30}{100}=50-6=44$%
Hence, the correct answer is 44%.

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Question : Two successive price decreases of 20% and 30% of an article are equivalent to a single price decrease of:Option 1: 50%Option 2: 44%Option 3: 25%Option 4: 40%

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Question : Two successive price decreases of 20% and 30% of an article are equivalent to a single price decrease of:
Option 1: 50%
Option 2: 44%
Option 3: 25%
Option 4: 40%