1. The problem asks for the single discount equivalent to successive discounts of 20%, 10%, and 2%.
2. When multiple discounts are applied successively, the equivalent single discount $D$ is given by:
$$D = 1 - (1 - d_1)(1 - d_2)(1 - d_3)$$
where $d_1$, $d_2$, and $d_3$ are the decimal forms of the discounts.
3. Convert the percentages to decimals:
$$d_1 = 0.20, \quad d_2 = 0.10, \quad d_3 = 0.02$$
4. Calculate the product:
$$(1 - 0.20)(1 - 0.10)(1 - 0.02) = 0.80 \times 0.90 \times 0.98$$
5. Multiply step-by-step:
$$0.80 \times 0.90 = 0.72$$
$$0.72 \times 0.98 = 0.7056$$
6. Find the equivalent single discount:
$$D = 1 - 0.7056 = 0.2944$$
7. Convert to percentage and round to 2 decimal places:
$$D = 29.44$$
Therefore, the single discount equivalent to 20%, 10%, and 2% is 29.44.
Single Discount 8F874A
Step-by-step solutions with LaTeX - clean, fast, and student-friendly.