Question
Download Solution PDFTwo successive discounts of 50 percent and 40 percent are equivalent to a single discount of ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Two successive discounts of 50% and 40%.
Concept:
The formula for successive discounts is D = 100 − [100 − (d1)] [100 − (d2)]/100,
where D is the total discount, and d1 and d2 are the two given discounts.
Solution:
⇒ D = 100 − [100 − (50)][100 − (40)]/100
⇒ D = 100 − [50 × 60]/100
⇒ D = 100 − 30 = 70%
Therefore, two successive discounts of 50% and 40% are equivalent to a single discount of 70%.
Last updated on Jul 8, 2025
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