What can be the value of a single discount equivalent to a series of discounts of 10 percent, 15 percent and 25 percent?
A42.63% ✓ Correct
B40.605%
C35.605%
D35.625%
Correct answer: (A) 42.63%
Explanation
The single equivalent discount is about 42.63%.
Successive discounts multiply the fraction: 0.90 x 0.85 x 0.75.
This equals 0.57375 of the marked price.
The amount paid is 57.375%, so the discount is 100% - 57.375%.
The single discount = 42.625%, which rounds to 42.63%.
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