Question
span >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:
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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