Question

Marissa paid $190.57 for a printer that she purchased after receiving trade discounts of 20%, 15%, and 5% a. What was the list price of the printer? b. What single equivalent trade discount rate represents the series of discounts received? . 25, . b. What further trade discount rate must the suppller wlll he iglill mge pict P 31. An item is listed for $280, less discounts of 25%, 15%, and 10%. What further rate of discount must be offered to reduce the net price to $150? t e E 0 less trade discounts of 30% and 15%. What further rate ofdiscount must c

Answer 1

Net payment = $190.57

Price before 5% discount = 190.57*105/100 = $200.10

Before 15% discount = 200.10*115% = $230.12

Before 20% discount = 230.12*120% = $276.14

Hence, list price = $276.14

2.Single Equivalent discount would be = ($276.14 - $190.57)/276.14
= 30.99% or 31% (approx.)

31. Listed Price = $280

Less: Discount of 25% = $70

Price after discount = $210

Less: Discount of 15% = $31.5

Price after discount = $178.5

Less: Discount of 10% = $17.85

Price after discount = $160.65

Net Price = $150

Required discount rate = ($160.65 - $150)/160.65

= 6.63%