Question

If a brand of batteries is sold normally at $19.95 each by a manufacture to its outlets and a retail chain agrees to buy 20,000 batteries at a price of $15.75 each, how much of a discount is the manufacturer offering if he accepts the chain store's price? %

Answer 1

The equation should be ((15.75-19.95)/19.95)*100=-21.1% Because (The price after discount-original price)/original price)*100=discount as percentage

Answer 2

The 21.1% discount is the manufacturer offering if he accepts the

chain store's price .

Explanation:

Formula

`Discount\% = (Discount* 100)/(Cost\ of\ 20000\ batteries\ at\ the\ cost\ of\ \$19.95)`

As given

If a brand of batteries is sold normally at $19.95 each by a manufacture to its outlets .

A retail chain agrees to buy 20,000 batteries at a price of $15.75 each.

Cost of 20000 batteries when sells at the cost of $19.95 = 20000 × 19.95

= $399000

Cost of 20000 batteries when sells at the cost of $15.75 = 20000 × 15.75

= $315000

Discount Price = Cost of 20000 batteries when sells at the cost of $19.95 - Cost of 20000 batteries when sells at the cost of $15.75 .

Putting all the value of in the above equation

Discount Price = $399000 - $315000

= $84000

Putting all the value in the formula

`Discount\% = (84000* 100)/(399000)`

`Discount\% = (8400000)/(399000)`

Discount % = 21.1% (Approx)

Therefore the 21.1% discount is the manufacturer offering if he accepts the

chain store's price .