BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the single discount equivalent of a trade discount of 20/10?
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30%
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35%
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27%
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28%
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Explanation:
Detailed explanation-1: -∴ The single equivalent discount is 46%.
Detailed explanation-2: -So, we will assume that number to be 100. Thus, successive discounts i.e. 20% and 10% on 100 is 72. Thus, the answer is 28%.
Detailed explanation-3: -Detailed Solution. Given: The successive discount are 20% and 25%. ∴ The single equivalent discount is 40%.
Detailed explanation-4: -exaMpLe 6.1h Determine the amount of discount for a $100.00 list price subject to the discount series 40%, 12.5%, 8⅓%, and 2%. Rate of discount = Amount of discount/List price = 52.8375/100 = 0.528375 The single equivalent rate of discount is 52.84%.
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