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After two equal successive discounts of 20% each, what is the single equivalent discount?
A36%
B40%
C32%
D44%
Answer & Solution
Correct answer: A. 36%
1. Price after first 20% off: 80% of MP.
2. After second 20% off: 80% × 80% = 64% of MP.
3. Single equivalent discount = 100% − 64% = 36%.
_Source: jkchrome Percentage QB, p.3 — successive discount_
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