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an invoice quotes a price of $620 subject to discounts of 30%, 15% and 5%. what is the selling price? |
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Answer» Given : an invoice QUOTES a price of $620 subject to discounts of 30%, 15% and 5%. To find : what is the selling price Solution: Successive DISCOUNT of 30%, 15% and 5%. Selling price = 620 (1 - 30/100)(1 - 15/100)(1 - 5/100) = 620 (0.7)(0.85)(0.95) = 350.455 $ selling price = 350.455 $ Detailed Solution : price = $620 30% discount = (30/100)620 = 186 $ price after discount = 620 - 186 = 434 $ 15 % Discount = (15/100)434 = 65.1$ price after discount = 434 - 65.1 = 368.9$ 5% Discount = (5/100)368.9 = 18.455% final selling Price = 350.455 $ Learn more: What is equivalent discount of three successive discount of 10 ... the difference between a 40% discount on 2000 rupees and ... |
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