Q30
ArithmeticPercentage, Profit & Loss
Successive discounts of 50% and 50% is equivalent to
- a.100%
- b.75%
- c.50%
- d.25%
Answer: (B) 75%
After the first discount the price is 50% of the original, and the second 50% leaves 25% of the original. The single equivalent discount is therefore 100 − 25 = 75%. Adding the two (100%) is the common mistake.