An item is listed at $650 less 15%, 8%, and 3%. a. What is the net...

 

Transcribed Image Text:

An item is listed at $650 less 15%, 8%, and 3%. a. What is the net price of the item? Round to the nearest cent b. What is the equivalent single trade discount rate of the given series of discounts? c. What is the amount of discount offered? Round to the nearest cent An item is listed at $650 less 15%, 8%, and 3%. a. What is the net price of the item? Round to the nearest cent b. What is the equivalent single trade discount rate of the given series of discounts? c. What is the amount of discount offered? Round to the nearest cent

Answer rating: 100% (QA)

SOLUTION a To find the net price of the item we need to apply the discounts successively First we apply a discount of 15 650 15100 650 55250 The price ... View the full answer