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Two successive discounts of 20% and 5% are equivalent to a single discount of

25%
24%
18%
15%

Correct Answer: 24%

Explanation:

Here, r₁ = 20% and r₂ = 5%
∴ Required percentage
= r₁ + r₂ - (r₁ x r₂)/100%
= 20 + 5 - (20 x 5)/100
= 25 - 1
=24%

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