Question : Two successive price decreases of 20% and 30% of an article are equivalent to a single price decrease of:
Option 1: 50%
Option 2: 44%
Option 3: 25%
Option 4: 40%
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Correct Answer: 44%
Solution : Single equivalent discount = $(a+b–\frac{a×b}{100}$)%, where $a$% and $b$% are successive discounts. ⇒ Single equivalent discount = $20+30-\frac{20×30}{100}=50-6=44$% Hence, the correct answer is 44%.
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Question : Two successive price increases of 15% and 40% of an article are equivalent to a single price increase of:
Option 1: 61%
Option 2: 52%
Option 3: 55%
Option 4: 60%
Question : Two successive discounts of 20% and 30% are given while selling an item. What is the ratio of the marked price to the selling price of the item?
Option 1: 25 : 11
Option 2: 25 : 14
Option 3: 28 : 11
Option 4: 27 : 16
Question : What is the single discount that is equivalent to two successive discounts of 12.5% and 20%?
Option 1: 31.5%
Option 2: 30%
Option 3: 27.5%
Option 4: 28%
Question : What is the single equivalent price increase for two successive price increase of 5% and 8% on an item?
Option 1: 13.4%
Option 2: 12.5%
Option 3: 14.2%
Option 4: 15.5%
Question : At what percentage above the cost price must a person mark the price of an article so that he can enjoy a 20% profit after allowing a 20% discount?
Option 1: 40%
Option 2: 50%
Option 3: 60%
Option 4: 30%
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