Question : Successive discounts of 15% and 30% are equivalent to how much percent of a single discount?
Option 1: 52.8%
Option 2: 20.5%
Option 3: 33.33%
Option 4: 40.5%
Correct Answer: 40.5%
Solution :
Successive equivalent discounts of 15% and 30%
Hence, the correct answer is 40.5%.