Three successive discounts of 30% on the marked piece of an item are together equivalent to a single discount of.
Correct Answer :
65.7%
Solution :
The correct option is 65.7%.
To find the single equivalent discount of three successive discounts of 30%, let us assume the initial marked price of the item is 100.
After the first discount of 30%, the price becomes:
After the second discount of 30%, the price becomes:
After the third discount of 30%, the final price becomes:
The total discount amount on the original price of 100 is:
Since the initial marked price was 100, a total discount of 65.7 is equivalent to a single discount of 65.7%.
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