Question

What is the selling price of an article that lists at $1,500 subject to discounts of 40%, 25%, and 10%?

Answer 1

The selling price of the article, subject to discounts of 40%, 25%, and 10%, is $607.50.

Step-by-step explanation:

To calculate the selling price of an article with multiple discounts, we need to apply each discount sequentially to the list price. The first discount is 40%, which means we will pay 60% of the list price. The second discount is 25%, which means we will pay 75% of the discounted price from the first step. Finally, the third discount is 10%, which means we will pay 90% of the discounted price from the second step.

Calculate the discounted price after the first 40% discount: $1,500 x 0.6 = $900

Calculate the discounted price after the second 25% discount: $900 x 0.75 = $675

Calculate the final discounted price after the third 10% discount: $675 x 0.9 = $607.50

So, the selling price of the article, subject to discounts of 40%, 25%, and 10%, is $607.50.