SOLUTION: 5. What single discount is equivalent to two successive discounts of 10% and 15%? A) 25% B) 24.5% C) 24% D) 23.5% E) 22% If a merchant makes a profit of 20% based on th

Question 769804: 5. What single discount is equivalent to two successive discounts of 10% and 15%?
A) 25%
B) 24.5%
C) 24%
D) 23.5%
E) 22%

If a merchant makes a profit of 20% based on the selling of an article, what percent does the merchant make on the cost?
A) 20
B) 25
C) 40
D) 80
E) None of the above
Answer by MathLover1(20849) (Show Source): You can put this solution on YOUR website!

1.
% and %?
%
so, answer is D) %

2.
Let be the cost and be the selling price
So if ,
then %
answer is B)

RELATED QUESTIONS
Successive discounts of 10% and 15% are equivalent to a single discount of A 12.5% (answered by rfer)

What single discount is equivalent to two successive discounts of 10% and 15%? (answered by lynnlo)

A television set that originally cost $1955 was reduced in price by successive discounts... (answered by ikleyn)

Successive discounts of 12.5% and 5% are allowed on a $1250 table. A) how much is paid... (answered by Alan3354)

What single discount is equivalent to two successive discounts of 15% and 7%? (answered by scott8148)

What single discount is equivalent to two successive discounts of 15% and... (answered by jim_thompson5910)

Find the single discount equivalent to two successive discounts of 8% and... (answered by richwmiller)

Mac's wholesale buys from a distributor which allows discounts of 25%, 20%, 5%. A. What (answered by ikleyn)

What single discount is equivalent to two successive discounts of 11% and 8%? (answered by oberobic)