Question

Manufacturer of skateboards offered a 5/2/1 chain discount to many customers. bob's sporting goods ordered 20 skateboards for a total $625 list price.

a. what was the net price of the skateboards? (round to the nearest cent.) net price $
b. what was the trade discount amount? (round to the nearest cent.) trade discount $

Answer 1

The total price is $625. 100 - 5 = 95 100 - 2 = 98 100 - 1 = 99 .95 x .98 x .99 = .92169 Net Price = 625 x .92169 Therefore the price with the trade discount is $576.06. First, you calculate the total discount by multiplying each discount together. After finding the total discount on the order, you multiply that by the total price to get the net price that should be paid.