The price of a certain television set is discounted by 10 percent, and the reduced price is then discounted by 10 percent. This series of successive discounts is equivalent to a single discount of Choose the correct choice from the following options
A) 20% B) 19% C) 18% D) 11% E) 10%
Say the original price of the TV was $p, then the final price would be (0.9p)∗0.9=0.81p. Therefore the original price was discounted by 19%.   Answer: 19%.
<result>B</result>
The price of a certain television set is discounted by 10 percent, and the reduced price is then discounted by 10 percent. This series of successive discounts is equivalent to a single discount of