Answer: 96.25%
Explanation:
The net price factor of a 25/15 series of trade discounts refers to the overall reduction in price that a buyer receives after applying both the 25% discount and the subsequent 15% discount. To calculate the net price factor, you can follow these steps: 1. Convert the discounts into decimal form. - The first discount of 25% is equivalent to 0.25. - The second discount of 15% is equivalent to 0.15. 2. Calculate the net price factor by multiplying the two decimal values. - For example, if we multiply 0.25 and 0.15, the result is 0.0375. 3. Subtract the net price factor from 1 to find the final discounted price factor. - Subtracting 0.0375 from 1 gives us 0.9625. 4. To express the final discounted price factor as a percentage, multiply it by 100. - Multiplying 0.9625 by 100 gives us 96.25%. Therefore, the net price factor of a 25/15 series of trade discounts is 96.25%. This means that the buyer will pay only 96.25% of the original price after applying both discounts.
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