Question : A dealer gives 10%, 20%, and 30% successive discounts on an item. What is the single equivalent discount on the item?
Option 1: 54.8%
Option 2: 52.8%
Option 3: 47.6%
Option 4: 49.6%
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Correct Answer: 49.6%
Solution :
We know:
Equivalent single discount =
Where
So,
Now again
So,
Hence, the correct answer is 49.6%.
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