A discount series of 10% and 16% on an invoice is the same as a single discount of:

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Accepted Answer

When two successive discounts are given, the equivalent single discount can be found using the formula:

Single Discount = a + b - (a * b) / 100

Here, a = 10%, b = 16%

Single Discount = 10 + 16 - (10 * 16) / 100
= 26 - 160 / 100
= 26 - 1.6
= 24.4%

Therefore, a discount series of 10% and 16% is equivalent to a single discount of 24.4%.

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