Correct Answer - Option 3 : 38.44%
Given:
Successive discounts of 10%, 14.5% and 20% are given on the jeans.
Concepts used:
M.P. = S.P. + Discount
Discount % = Discount/M.P. × 100
Calculation:
Let M.P. be Rs. x.
⇒ First discount = x × 10% = x/10
⇒ Successive discount = (x – x/10) × 14.5% = 261x/2,000
⇒ Second successive discount = (9x/10 – 261x/2,000) × 20% = 1,539x/10,000
⇒ Equivalent single discount = (x/10) + (261x/2,000) + (1,539x/10,000) = 3,844x/10,000
⇒ Single discount % = 3,844x/10,000/x × 100 = 38.44%
∴ Equivalent single discount is equal to 38.44%.