Question
A product with an MSRP of $250.00 receives a trade discount of 35% and then a volume discount of 15% (apply these in a series,
A product with an MSRP of $250.00 receives a trade discount of 35% and then a volume discount of 15% (apply these in a series, one and then the other, don’t just add the two rates).
What is its final net price? (rounded to nearest cent)
What is the single, equivalent discount rate? (written as a percent rounded to two decimal places)
Tip: Rate = overall discount/original value
Step by Step Solution
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Step: 1
To calculate the final net price after both discounts we need ...
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Fundamentals of Physics
Authors: Jearl Walker, Halliday Resnick
8th Extended edition
471758019, 978-0471758013
