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Rocky Mountain Chocolate Factory (RMCF) founder and president Frank Crail employs 220 people in 361 outlets in the United States, Canada, United Arab Emirates, Japan, South Korea and Saudi Arabia. If RMCF purchases 30.0 kilograms of premium dark chocolate at $18.30 per kilo, what is the net price with a 10/5 chain discount?

User Sourya Dey
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Final answer:

The net price of RMCF's purchase of dark chocolate with a 10/5 chain discount is $469.39, after calculating 10% and 5% discounts consecutively on a gross price of $549.00.

Step-by-step explanation:

The subject of this question is Mathematics, specifically focusing on discount calculation in a business context, which is typically covered at the high school level. Rocky Mountain Chocolate Factory (RMCF) wants to calculate the net price for 30.0 kilograms of premium dark chocolate at $18.30 per kilo with a 10/5 chain discount.

To determine this, we first calculate the gross price of the chocolate by multiplying the number of kilograms by the price per kilo: 30.0 kg × $18.30/kg = $549.00. Next, we apply the chain discount. A 10% discount reduces the price by 10%, and a subsequent 5% discount applies to the reduced price.

The first discount of 10% is $549.00 × 10% = $54.90. Subtracting this from the gross price gives us a sub-total of $549.00 - $54.90 = $494.10. Then, we apply the second discount of 5% to this sub-total: $494.10 × 5% = $24.71. The net price is thus $494.10 - $24.71 = $469.39.

User Onlyf
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