The price of a certain television set is discounted by 10 percent, and the reduced price is then discounted by 10 percent. The series of successive discount is equivalent to a single discount of __
The price of a certain television set is discounted by 10 percent, and the reduced price is then discounted by 10 percent. The series of successive discount is equivalent to a single discount of __ Correct Answer 19
Let the Original price be 100 Since the initial discount is 10%, the discounted price will be 90% of 100, giving a value of 90. Since there is a further discount of 10%, the final discounted price will be (90% of 90) or 81. Since there is a discount of (100 - 81) = 19%