Multiple choice

If a candy marking Re. 1 is sold after successive discounts (chain) of 8%, 5% and 2.5%, what will be the net % discount on the marked price?

  1. 14.78

  2. 15

  3. 16.76

  4. 14.87
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A Correct answer
AI explanation

Using the net discount formula for successive discounts, the final selling price is 1 multiplied by 0.92, 0.95, and 0.975, resulting in 0.85235. The total discount is 1 minus 0.85235, which equals 0.14765, or 14.78 percent.

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