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    Question

    A manufacturer offers a 30% rebate on the marked

    price of a product. The retailer offers another 40% rebate on the reduced price. The two reductions are equivalent to a single reduction of:
    A 55% Correct Answer Incorrect Answer
    B 58% Correct Answer Incorrect Answer
    C 49% Correct Answer Incorrect Answer
    D 40% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let Marked price = Rs.100 ∴ Price after both the rebates = 100 × `(70xx60)/(100xx100)` = Rs. 42 ∴ Single reduction = 100 - 42 = 58%

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