Determine the equivalent single rate of discount for the following series of discounts. Discount of 20%, 15% and 5%.

Question

Quizplus · Accepted Answer

The equivalent single rate of discount for a series of discounts can be calculated by multiplying the individual rates as complements of 100%. For discounts of 20%, 15%, and 5%, the calculation is as follows: 100% - 20% = 80%, 100% - 15% = 85%, and 100% - 5% = 95%. Multiplying these complements gives 0.8 * 0.85 * 0.95 = 0.646, or 64.6% of the original price. Therefore, the equivalent single discount is 100% - 64.6% = 35.4%.

Determine the Equivalent Single Rate of Discount for the Following