Civil Service Exam Reviewer · Percentage · hard
A store gives successive discounts of 10% and 5%. What single discount is equivalent to these?
- 15%
- 0.5%
- 14.5%
- 7.5%
Answer
C. 14.5%
Solution
Remaining price = (1 − 0.1)(1 − 0.05) = 0.855. Equivalent discount = 14.5%.
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