Question

Ryobi Limited sold a set of saws to Ace Hardware. The list price was $3,800. Ryobi offered a chain discount of 8/3/1. What's the net price of the saws?        A. $3,537.21   B. $3,357.21   C. $3,391.12   D. $3,537.12

Answer 1

Answer: Option 'B' is correct.

Our net price will be $3357.21.

Step-by-step explanation:

Since we have given that

The list price of set of saws = $3800

There are 3 successive discounts :

8%,3%,1%

So, if we apply first for 8% discount our new price becomes,

`3800* (100-8)/(100)=3800* 0.92=\$3496`

Now, if we apply 3% on our deducted price , our new price becomes ,

`3496* (100-3)/(100)=3496* 0.97=\$3391.12`

Now, we'll apply for 1% on our new deducted price , our net price becomes,

`3391.12* (100-1)/(100)=3391.12* 0.99=\$3357.21`

Hence, our net price will be $3357.21.

Therefore, Option 'B' is correct.