Question

A company gives a 12% discount to his customers on retail price. If the total is over $10,000 after the discount, they give an additional 3% discount on the remaining balance. A customer’s total came to $13,500 (discounted price). How much did he save?

Answer 1

Therefore, the customer saved $2,448.45.

Explanation:

To answer this question, we need to use the percentage discount formula to find the original price and the amount saved.

Let x be the original price of the product. Then, after applying the 12% discount, the price becomes 0.88x. If the total is over $10,000 after this discount, then an additional 3% discount is applied on the remaining balance, which means the final price becomes 0.97 * 0.88x.

We are given that the final price is $13,500, so we can set up an equation and solve for x:

0.97 * 0.88x = 13,500 x = 13,500 / (0.97 * 0.88) x = 15,948.45

Therefore, the original price was $15,948.45.

The amount saved is the difference between the original price and the final price:

15,948.45 - 13,500 = 2,448.45