Find the single discount equivalent to two successive discounts of 10% and 5%.
Answer & explanation
Correct answer: option 4
Discount first = 10%
Discount second = 5%
Successive discount = x + y - \(\frac{x × y}{100}\)
Successive discount = 10 + 5 - \(\frac{10 × 5}{100}\) = 14.5%