Price of a product is 48 units. After two successive cuts by same percentage, price of the product becomes 20.25. What is the discount percentage?
I assumed the percentage to be x and multiplied x by x/100 and x/100. Didn't get the right answer. The answer x is 10. I want to know how to get to the answer.
$$48 \cdot \frac{x}{100} \cdot \frac{x}{100}$$
The above quantity represents $x%$ of $x%$ of $48$. However, what is equal to $20.25$ is $x%$ removed from $x%$ again removed from $48$. That is, the correct equation is
$$48 \cdot \frac{100-x}{100} \cdot \frac{100-x}{100} = 20.25$$
That said, the question seems flawed as stated, since $x=10$ is not a solution to this, nor does it make sense as any other quantity I checked. But I could be missing something obvious.
– PrincessEev Dec 16 '20 at 09:09