Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Quantitative Aptitude Profit and Loss Discount and MP
A shopkeeper normally allows a discount of 10% on the marked price of each article. During a sale season, he decides to give two more discounts, the first being at a rate of 50% of the original and the second at a rate of 40% of the first. What is the percentage rate of the equivalent single discount (correct up to two decimal places)?
1
14.85%
2
11.25%
3
13.27%
4
16.21%