Successive discounts of 30 and 20 is equivalent to a single discount of ........

Quant (SSC) Profit and loss

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Successive discounts of 30% and 20% is equivalent to a single discount of

50%

40%

44%

10%

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Explanation:

To solve this question, we can apply the net% effect formula
= (x + y + xy/100)%
By the net% effect formula, we get
= (- 30 - 20 + 30 x 20 /100)
= – 50 + 6 = – 44%. (Negative sign shows the Loss or Discount)
Hence, the single equivalent discount will be 44%