SUZU 18 BUS 110-QMtx D Module 2 Homework xeDeztomheducat oncom xe sohed: On July

Question

SUZU 18 BUS 110-QMtx D Module 2 Homework xeDeztomheducat oncom xe sohed: On July 8 201 x Yechegg Study Guded eComplete lhe holowi x x X ? ? ezto tox Other bookmarks conect Math for Business and Finance: Summer 2018 QM cody short Module 2 Homework: On-llne Sections Instructions help Question 11 (of 30) Save & Ext Submit 11. 3.33 points her A manufacturer of skateboards offered a 8/3/3 chain discount to many customers. Bob's Spoting Goods ordered 20 skateboards for a total $533 list price. What was the net price of the skateboards and the trade discount amount? (Do not round Intermedlate calculations. Round your final answers to the nearest cent.) List Price S 633.00 Chaln Discount Discount Complement Discount 1 Discount 2 Discount 3 8% 3% 3% Price Equivalent 3:13 PM 615/2018 21

Explanation / Answer

A discount string 8/3/3 means the following:
1) Apply 8% discount to the original price.
2) Apply 3% discount to the result of step 1).
3) Apply 3% discount to the result of step 2).
We have then that the result will be given by:
633 * (0.92) * (0.97) * (0.97) = $ 547.94
Then, the price of each skateboard is:
(547.94) /20=27.397

List price $633 Chain Discount Discount Complement Discount 1 8% 50.64 Discount 2 3% 17.47 Discount 3 3% 16.95 Net Price Equivalent 547.94

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