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%
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Correct Answer: 13.4%
Solution : Equivalent price increase Equivalent increase = $a + b + \frac{ab}{100}$ Where $a$ and $b$ are increased percentages. = $8 + 5 + \frac{8×5}{100}$ = 13.4% Hence, the correct answer is 13.4%.
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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 : 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 : 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%
Question : Find a single discount equivalent to two successive discounts of 12% and 8%.
Option 1: 18.8%
Option 2: 19.04%
Option 3: 19.4%
Option 4: 19.8%
Question : Successive discounts of 15% and 35% are equivalent to a single discount of:
Option 1: 42.28%
Option 3: 44.75%
Option 4: 33.33%
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