A manufacturer offers a 20% discount on the marked price of a product. The retailer offers another 30% discount on the reduced price. The successive discounts are equivalent to a total discount of...

A manufacturer offers a 20% discount on the marked price of a product. The retailer offers another 30% discount on the reduced price. The successive discounts are equivalent to a total discount of

A) 42%       B)44%      C)46%        D)50%     E)24%

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Let the marked price of the product be M.

The manufacturer offers a discount of 20% when it is sold to the retailer. This makes the price at which...

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