A single discount equivalent to the discount series of 20%, 10% and 5% is_______?
Q1. A single discount equivalent to the discount series of 20%, 10% and 5% is_______?
Answer: 31.60%
Explanation: Successive discounts of 20%, 10%, and 5% give a net multiplier of 0.8×0.9×0.95 = 0.684, so the single equivalent discount is 31.6%.