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If the total discount on the cost of skis for the Ski Store was 35% after trade discounts of 18%, 9% 3% ..?
If the total discount on the cost of skis for the Ski Store was 35% after trade discounts of 18%, 9% 3% and an invoice discount for prompt payment, what was the invoice discount to two decimal places?
4 Answers
- ranjankarLv 78 years agoFavorite Answer
Let the bill amount be 100X
100X * 0.82 * 0*91 * 0.97 * d = 65X
72.3814X *d = 65X
d = 65 /72.3814 = 0.898
d = 10.2 % ANSWER
- ?Lv 78 years ago
If the total discount on the cost of skis for the Ski Store was 35% after trade discounts
so the total amount of discounts is 35% of the cost
18%, 9% & 3%
if they are added together
30%
so the invoice discount would be 5%
if they are pancaked
18%*9%*3%
18*1.09*1.03
20.2086%
so the invoice discount would be
35-20.2086
14.7914
14.8%
- ?Lv 78 years ago
So first she gets a discount of 18, then 9, then 3. And then the prompt pmt discount.
100-18 = 82 is the cost after 18%
82 - (82*0.09) = 74.62 this is after the 9%
74.62 - (74.62*0.03) = 72.38 is the cost after the 3% discount
100 - 72.38 = 27.62 is the total discounts so far. And she got 35%, so your answer is:
35 - 27.62 = 7.38% was the prompt payment discount.
- HosamLv 68 years ago
You just cascade the discounts, as follows
If you have a discount of a% then the factor you multiply with is (1 - a / 100)
So in this case, you have ( 1 - 0.35) (1 - 0.18) (1 - 0.09) (1 - 1.03) = 0.65 (0.82) (0.91) (0.97) = 0.47
So the overall equivalent discount is 100*(1 - 0.47) = 53 %