Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Quantitative Aptitude Profit and Loss Discount and MP
Given below are two statements
Statement I: The single discount equivalent to a series discount of 10%, 20% and 30% is 40%
Statement II: The single discount equivalent to a series discount of 15%, 25% and 30% is 50%
In light of the above statements, choose the correct answer from the options given below
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true