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Two successive discounts of 10% and 15% are equivalent to a single discount of

  1. 23.5%
  2. 25%
  3. 18.5%
  4. 22.5%

Answer (Detailed Solution Below)

Option 1 : 23.5%

Detailed Solution

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Given:

Two successive discounts = 15%, 10%

Formula used:

Single discount = x + y - \(\dfrac{xy}{100}\) (where, x and y are successive discounts)

Calculations:

Single discount = 15 + 10 - \(\dfrac{(-15)(-10)}{100}\)

= 25 - \(\dfrac{3}{2}\)

= 25 - 1.5

= 23.5%

∴ The answer is 23.5%

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