Homework SourseFind the amount of each discount in the given series of trad
Find the amount of each discount in the given series of trade discounts. Then find the net price. Round your answers to the nearest cent.
| Trade Discount Amounts | |||||
| List Price | Trade Discount | First | Second | Third | Net Price |
| $1,900 | 39%, 31%, 17% | $ | $ | $ | $ |
Solution
Given list price is $1,900
Trade discounts 39%, 31%, 17%
First discount is 39%
39% of 1900 = (39/100)*1900
= 741
Amount after discount is 1900-741=1,159
Second discount is 31%
31% of 1159 = (31/100)*1159
= 359.29
Amount after discount = 1159-359.29
= 799.71
Third discount is 17%
17% of 799.71 = (17/100)*799.71
= 135.9507
Amount after discount = 799.71-135.9507
= 663.7593
Therefore, amount after three serial discounts is $663.7593
Therefore, Net price = $663.7593
