The list price of a Myojo oir fryer is $$799,$ and the frade discount is $255.$ Find the net cost.

Solution:

Trade discount $=35\%of$ $$799=$$$188\mathrm{.}75$

Net cost $=$$$799-$$$199\mathrm{.}75=$$$599\mathrm{.}75$

Sometimes the seler would offer two or more discounts that cre combined into a series or chain discount. A series

discount refers to more than one discount. For example, the series discount of $\frac{20}{10}\frac{?}{5}$ means applying the first

$20\%$ discount then opplying the second discount of $10\%,$ and lastly applying the third discount of $5\%.$ Trode

discounts change often due to price'changes, size of orders changes with suppliers. secsonal fuctuations, or

even due to competition.