The CFO of Jason Bradleys engineering firm is comparing two

The CFO of Jason Bradley\'s engineering firm is comparing two manufacturers\' list prices. Premier Products offers a single trade discount of 22%. Integrity Manufacturing offers a series discount of 20/2/1. What are the savings on this $15,000 order if the least expensive manufacturer is chosen? (Find the difference in cost between both manufacturers.)

Solution

Net amount under single trade discount = 15000*(1-0.22)= $11700 Net amount under series discount = 15000*0.80*0.98*0.99= $11642.4 Savings = 11700-11642.4 = $57.6 or $58(if rounded off)