Successive discounts of 15% and 35% is equivalent to a single discount of:
Answer & explanation
Correct answer: option 3
Successive discount = X + Y - $\frac{XY}{100}$
X = 15%, Y = 35%
Successive discount = 15 + 35 - $\frac{15 \times 35}{100}$
= 50 - 5.25 = 44.75%