Find the successive discount equivalent to and .
Step 1: Calculate the final amount after the first discount:
Let the initial amount of the product be .
The first discount is .
In , the amount reduced is .
In , the amount reduced is .
In , the amount reduced is .
Thus, the final amount after the first discount is .
Step 2: Find the final amount after the second discount:
Now, the initial amount is .
The second discount is .
In , the amount reduced is .
In , the amount reduced is .
In , the amount reduced is .
Thus, the final amount after the second discount is .
Hence, the equivalent discount is .
Therefore, the equivalent discount is .