Question

Emily Dickinson’s Electronics offers trade discounts and additional discounts to encourage large orders. What is the net price for a television if the total invoice is over $500

Answer 1

0.45X

Explanation:

Let X be the total invoice amount based on list price, 40% be the trade discount and 15% the additional discount on on invoices over $500. The net price of the by subtracting total discounts given from the total invoice amount as:

`P_(net)=P_(list)-(40\%+15\%)P_(list)\\\\=P_(net)=X-0.55X\\\\=0.45X`

Hence, the net price of the television set is 0.45X