Final answer:
The single equivalent rate of discount for the given multiple discounts of 25% and 10% is 32.5%.
Step-by-step explanation:
The single equivalent rate of discount for multiple discounts of 25% and 10% can be calculated by finding the net effective discount rate. To do this, we need to find the equivalent discount of 25% and 10% and then sum them up. Let's calculate:
- First discount of 25% can be represented as a discount factor of 0.75 (100% - 25% = 75%).
- Second discount of 10% can be represented as a discount factor of 0.90 (100% - 10% = 90%).
- To find the equivalent discount, multiply the discount factors: 0.75 * 0.90 = 0.675.
- This means that the net effective discount is 1 - 0.675 = 0.325 or 32.5%.
Therefore, the single equivalent rate of discount for the given multiple discounts is 32.5%.