Question

A motor bike was originally listed at $769.99. The price was first discounted to $550.54, followed by a final discounted price of $449.79. What was the single equivalent rate of discount at the final price? (leave answer to 2 decimal places)

Answer 1

Single equivalent rate of discount$=\dfrac{769.99-449.79}{769.99}=0.4158$

Single equivalent rate of discount is 41.58%.