Successive discounts of 28% and 12% are equivalent to a single discount ofChoose the best optionClear Response30%35.53%32%36.64%
Question
Successive discounts of 28% and 12% are equivalent to a single discount ofChoose the best optionClear Response30%35.53%32%36.64%
Solution
To find the equivalent single discount for successive discounts, you can use the formula:
Equivalent single discount = 1 - (1 - discount1) * (1 - discount2)
Here, discount1 is 28% (or 0.28 in decimal form) and discount2 is 12% (or 0.12 in decimal form).
So, the equivalent single discount is:
= 1 - (1 - 0.28) * (1 - 0.12) = 1 - (0.72 * 0.88) = 1 - 0.6336 = 0.3664
So, the equivalent single discount is 36.64%.
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