Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) List Chain discount Item price Trade discount Samsung Blu-ray player $190 5/2/1

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
100%
Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar
amounts to the nearest cent.)
Net price
equivalent rate
(in decimals)
Single equivalent
discount rate (in
decimals)
List
Chain
discount
Item
price
Samsung Blu-ray player
$190
5/2/1
Trade discount
Net price
24
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Transcribed Image Text:Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) List Chain discount Item price Samsung Blu-ray player $190 5/2/1 Trade discount Net price 24 < Prev 1 of 10 Next > Chp
Expert Solution
Step 1

to calculate the net price equivalent rate subtract each discount from 100% and multiply them in decimal form 

the discounts are 5/2/1

subtracting from 100 will give 95%/98%/99%

in decimal form 

0.95/0.98/0.99

to get the net price equivalent rate, multiply them in decimal form 

net price equivalent rate = 0.95××0.98×0.99=0.92169

therefore the net equivalent rate is 0.92169 or 92.169%

 

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