JensenDrive,
I assume differently. I assume that the primaries are in series and the secondaries are in series. The object is to construct a 480-240 volt transformer from two 240-120 volt transformers.
The total %Z would be twice the individual %Z if you keep the base kVA and base voltage equal to that of one transformer. If you use a base kVA equal to the total of the two transformers, and a base voltage equal to the total voltage, then the %Z would be equal to the original.
Total Znew (each transformer) = Zgiven x (base kVgiven/base kVnew)² x (base kVAnew/base kVAgiven)
Total Z = 2 x Znew
Example: two 10 kVA 240-120 volt tranformers, 10% impedance.
Znew = 2 x 10% x (0.24/0.48)² x (20/10)
= 10%