Question
Download Solution PDFA manufacturer offers a 12% rebate on the marked price of a product. The retailer offers 15% rebate on the reduced price. The two reductions are equivalent to a single reduction of:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
1st rebate = 12%
2nd rebate = 15%
Formula:
In case of successive discounts,
Equivalent discount = a + b - (ab)/100
Where, 1st discount = a%, and 2nd discount = b%
Calculation:
According to the question,
Equivalent rebate = 12 + 15 - (12 × 15)/100
⇒ 27 - 1.8 = 25.2
∴ The equivalent single reduction is 25.2%
Last updated on Jun 19, 2025
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