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

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

1. 50%
2. 40%
3. 44%
4. 10%

Correct Option: C

Use the below formula to calculate the Single equivalent discount.

Single equivalent discount =		D₁ + D₂ −	D₁× D₂		%
			100

Single equivalent discount =		30 + 20 −	30 × 20		%
			100

⇒ Single equivalent discount = 50 – 6 = 44%