a discount clothing store buys shirts and slacks with a list price of $12,750. i

Algebra
Tutor: None Selected Time limit: 1 Day

a discount clothing store buys shirts and slacks with a list price of $12,750. if the wholesale offers trade discounts of 15/25/15,find the single equivalent discount

Jun 20th, 2015

Thank you for the opportunity to help you with your question!

List price = $12750

100%-15% = 85% = 0.85

100% - 25% = 75% = 0.75

100% - 15% = 85% = 0.85

Value after first discount = 12750 * 0.85 = $ 10837.5

Value after second discount = $ 10837.5 * 0.75 = $8128.125

Value after third discount = $8128.125 * 0.85 = $ 6908.906

Net discount % = (6908.906-12750) / 12750 = 45.81%...................ignore negative sign, it signifies discount.

Therefore, single equivalent discount = 45.81%


Alternate method

Single equivalent discount = 1 - (0.85*0.75*0.85) = 0.4581 = 45.81%



Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 20th, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Jun 20th, 2015
...
Jun 20th, 2015
Dec 4th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer