Question

Calculate the net price that a chain store pays if the price of an item is 25.99 but the invoice stipulates 40/10 chain discount

Answer 1

$14.034

Explanation:

40/10 means that the price has a 40% discount and then, a 10% discount from what is left. To calculate the net price, first you have to calculate the price with the 40% discount:

25.99*(1-0.4)= 15.594

Then, you have to calculate the price with the 10% discount:

15.594*(1-0.1)= 14.034

According to this, the net price is $14.034.