The successive discounts of 30%, 25% and 15% is equivalent to a single discount of?Options
Question
The successive discounts of 30%, 25% and 15% is equivalent to a single discount of?Options
Solution
To find the equivalent single discount for successive discounts, we can use the formula:
Equivalent single discount = 1 - (1 - d1) * (1 - d2) * (1 - d3)
where d1, d2, and d3 are the three successive discounts.
Here, d1 = 30% = 0.30, d2 = 25% = 0.25, and d3 = 15% = 0.15.
So, the equivalent single discount = 1 - (1 - 0.30) * (1 - 0.25) * (1 - 0.15)
= 1 - (0.70 * 0.75 * 0.85)
= 1 - 0.44625
= 0.55375
So, the successive discounts of 30%, 25%, and 15% is equivalent to a single discount of approximately 55.375%.
Similar Questions
Successive discount of 10% and 30% are equivalent to a single discount of :
A single discount equivalent to the discount series of 20%, 10% and 5% is?
Successive discounts of 28% and 12% are equivalent to a single discount ofChoose the best optionClear Response30%35.53%32%36.64%
If a discount of 20% is applied to a product and then another discount of 15% is applied to the reduced price, what is the overall discount percentage?
Multiple Choice QuestionWhat do trade credit terms of 2/15 net 30 mean to a buyer?Multiple choice question.A discount of 2 percent is offered if the bill is paid within 15 days, otherwise, the entire amount is due within 30 days.A discount of 15 percent is offered if the bill is paid within 2 days, otherwise, the entire amount is due within 30 days.A discount of 20 percent is offered if the bill is paid within 15 days, otherwise, the entire amount is due within 30 days.A discount of 20 percent is offered if the bill is paid within 150 days, otherwise, the entire amount is due within 300 days.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.