Question

The list price of a stove is $278. The chain discount is 20/15. What is the final net price?

Answer 1

Step 1: Find 20% discount on $278.

`\begin{gathered} (20)/(100)*\text{ \$278} \\ 0.2*\text{ \$278} \\ \text{ \$55.6} \\ \\ \text{New price = \$278 - \$55.6 = \$222.4} \end{gathered}`

Step 2: Find 15% discount on $222.4

`\begin{gathered} (15)/(100)*\text{ \$222.4} \\ 0.15*\text{ \$222.4} \\ =\text{ \$33.36} \\ \\ F\text{inal net price = \$222.4-\$33.36 = \$189.04} \end{gathered}`

The final net price is $189.04