Profit and loss

Quantitative Aptitude (CPO)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The successive discounts of 30%. 25% and 15% is equivalent to a single discount of:

This questions was previously asked in

SSC CPO 13th-March-2019-Shift-2

54.625%

55.375%

60.275%

60.725%

- To find the equivalent single discount, we apply each successive discount on the reduced price from the previous step.

- First discount of 30% on 100 leaves 70% of the price: \(100 \times (1 - 0.30) = 70\).

- Second discount of 25% on the new price: \(70 \times (1 - 0.25) = 52.5\).

- Third discount of 15% on the latest price: \(52.5 \times (1 - 0.15) = 44.625\).

- The final price is 44.625% of the original, meaning a total discount of \(100 - 44.625 = 55.375%\).

Therefore, the equivalent single discount is:

Option 2: 55.375%