Asked by Lou
a park purchased equipment from a manufacturer for a list price of $42,000 minus trade discounts of 30/20/15. How do you calculate the amount of the trade discount on the purchase?
Answers
Answered by
Reiny
So they pay .7(.8)(.85) or .476 of the original price
or they paid .476(42000) = 19,992
discount = 42000-19992 = 22008
discount rate = 22008/42000 = .524 or 52.6%
or they paid .476(42000) = 19,992
discount = 42000-19992 = 22008
discount rate = 22008/42000 = .524 or 52.6%
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