Question

A company offers dealers a Php 1520.00 trade discount on washing machines. If the listed price of a washing machine is Php 11.700, Find (a) the discount rate and (b) the net. price.

Answer 1

The listed price is 11,700 and the discount given to the dealers is 1,521. To determine the discount rate, we need to divide the discount by the total price and multiply it by 100.

`r=(1521)/(11700)\cdot100=13\text{ \%}`

The rate is equal to 13 %.

The net price is the price paid by the dealers.

`\text{ net}=11700-1521=10179`

The netprice is 10,179.