Civil Service Exam Reviewer · Percentage · hard
A store gives successive discounts of 25% and 15%. What single discount is equivalent to these?
- 40%
- 36.25%
- 3.75%
- 20%
Answer
B. 36.25%
Solution
Remaining price = (1 − 0.25)(1 − 0.15) = 0.6375. Equivalent discount = 36.25%.
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