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 shopkeeper normally allows a discount of 10% on the marked price of

1.	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.	17
Answer» E.

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