Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A manufacturer offers a 20\% rebate on the marked price of a product. The retailer offers another 30\% rebate on the reduced price. The two reductions are equivalent to a single reduction of
(a)40\%
(b)44\%
(c)46\%
(d)50\%
Answer
Answer (as printed): B
Explanation
Let marked price be ₹ 100. Then, Final S.P. $=70 \%$ of 80\% of ₹ 100 $$\begin{aligned} & =₹\left(\frac{70}{100} \times \frac{80}{100} \times 100\right)=₹ 56 . \\ & \therefore \quad \text { Single discount }=(100-56) \%=44 \% . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.