Question
Find the single discount rate percentage equivalent to
the successive discounts of 10%, 20% and 20%.Solution
Effective Discount = 1 -(1-0.10) (1-0.20) (1 - 0.20) =1- (0.90 × 0.80 × 0.80)  = 1- 0.576 = 0.424 Convert to Percentage- Single Discount Rate = 0.424 × 100 = 42.4% The equivalent single discount rate is 42.4%.
More Discount Questions
- Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___
Relevant for Exams:
