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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Calculate the following net price factors and single equivalent discounts. Round to five places when necessary.

Trade Single
Discount Net Price Equivalent
Rates Factor Discount
________ ________
11. 35/15/7.5 ________ ________

To determine

To calculate: The net price factor and single equivalent discount if trade discount rates are 35/15/7.5. Round the answer to five decimal places when required.

Explanation

Given Information:

The trade discount rates are 35/15/7.5.

Formula used:

Follow the steps to compute the single equivalent discount:

Step 1: Look for the complement of the trade discount rates by subtracting each rate from 100% to compute the net price factor by multiplying all the decimals together.

Step 2: Then, compute the single equivalent discount by subtracting the net price factor by 1.

Single equivalent discount=1Net price factor

Calculation:

Consider that the trade discount rates are 35%, 15% and 7.5%.

Subtract each of the trade discount rate from 100% and then convert the answer to decimal form.

100%35%=65%=0

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