What is the most appropriate way to calculate the successive discount of a price?

Example:

Price: 100$ | Discount: 10% | Successive discount: 5%

The successive discount applies to the price after the discount, so I'm doing something like this:

float price = 100f;
float disc = 10f;
float sucDisc = 5f;
float finalPrice = (price * (1f - (disc / 100))) * (1f - (sucDisc / 100));
System.out.println(finalPrice);

Output:

85.5

This seems to be correct, but this is a very old problem and I'm probably reinventing the wheel, so I'm wondering if there is a better way of doing this. By better I mean a method that improves readability, efficiency and/or accuracy.