What will be a single equivalent discount for successive discounts of 20%, 40% and 75% on the marked price of an item?
Answer & explanation
Correct answer: option 3
Three discounts are given = 20% , 40% and 75%
CP SP
5 4
5 3
4 1
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100 12
Discount = 100 - 12 = 88
Discount % = 88 × \(\frac{100}{100}\) = 88%