Successive discounts

CMAT 2020 · Quantitative Techniques & Data Interpretation · Easy · Percentages

Two successive discounts of 8% and 12% are equal to a single discount of:

  1. A.

    22%

  2. B.

    19.04%

  3. C.

    20%

  4. D.

    20.96%

Answer

B

Explanation

Single equivalent discount = d1+d2−d1d2100=8+12−8×12100=20−0.96=19.04%d_1 + d_2 - \frac{d_1 d_2}{100} = 8 + 12 - \frac{8 \times 12}{100} = 20 - 0.96 = 19.04\%.

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