Mathematics · Discount
Which of the following discount schemes will yield the minimum single equivalent discount? 1) 2 successive discounts of 5% and 5% 2) A single discount of 10% 3) 2 successive discounts of 8% and 2%
- 1Scheme 3 only
- 2Scheme 1 only✓
- 3Both Schemes 1 and 3
- 4Scheme 2 only
Correct answer
Scheme 1 only
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