Question

A manufacturer offers a rebate of 20% on the marked price of a product. the retailer offers another 30% rebate on the reduced price. What are the total reductions equal to, in percentage.

please explain step by step and i will mark you as the brainliest.

Answer 1

Let the marked price of the product is Rs. 100.

Therefore, the effective price after the first rebate of 20%, is

⇒100−(100×

100

20

​

)=Rs.80

Again, the effective price after the second rebate of 30%, is

⇒80−(80×

100

30

​

)=Rs.56

Therefore, the single effective reduction is,

⇒

100

(100−56)

​

×100=44%

Hence, two consecutive rebates of 20% and 30% on a product is equal to a single rebate of 44% on that product. Therefore, the answer is 44%.

Hope it helps!!!!