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A shopkeeper normally allows a discount ...

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)?

A

`14.85`

B

`11.25`

C

`13.27`

D

`16.21`

Text Solution

Verified by Experts

The correct Answer is:
D
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