Civil Service Exam Reviewer · Percentage · hard

A store gives successive discounts of 40% and 15%. What single discount is equivalent to these?

  1. 55%
  2. 6%
  3. 49%
  4. 27.5%

Answer

C. 49%

Solution

Remaining price = (1 − 0.4)(1 − 0.15) = 0.51. Equivalent discount = 49%.

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