If two successive discounts of 10% and 5%, are given, then what will be the net discount percentage?
Answer & explanation
Correct answer: option 3
If first discount = x
If second discount = y
then,
Successive discount = x + y - \(\frac{x × y}{100}\)
Successive discount = 10 + 5 - \(\frac{10 × 5}{100}\) = 14.5%