Two successive discounts of 40% and 60% on a deal are equivalent to a single discount of:

Correct option is A

Given:

Two discount are 40% and 60%

Formula Used:

Successive Discount Formula =$$d_1 + d_2 - \frac{d_1 d_2}{100}$$​​

Solution:

Let the original value be 100

Then first discount = 40% of 100 = 40

Value after first discount = 100 - 40 = 60

Second discount = 60% of 60 = 36

Value after second discount = 60 - 36 = 24

Total equivalent discount = 100 - 24 = 76%

Alternative Method:

Using successive discount formula =$$40 + 60 - \frac{(40)(60)}{100}$$​

= 100 - 24

= 76%