Math Problem Statement
Solve the problem. Round to the nearest cent.
The list price of a keyboard is $597. If the series discount offered is 10/25/35, what is the net cost after trade discounts?
A.
$261.93
B.
$335.07
C.
$179.10
D.
$417.90
Solution
To solve this problem, we need to apply the series of trade discounts (10%, 25%, and 35%) sequentially to the list price of the keyboard, which is $597.
Step-by-step calculation:
-
First discount (10%):
The first discount is 10% of the list price.
Subtracting this from the list price:
-
Second discount (25%):
The second discount is 25% of the remaining amount after the first discount, which is $537.30.
Subtracting this from the remaining amount:
-
Third discount (35%):
The third discount is 35% of the remaining amount after the second discount, which is $402.98.
Subtracting this from the remaining amount:
Final result:
The net cost after the series of trade discounts is approximately $261.94, which rounds to $261.93.
Thus, the correct answer is:
A. $261.93
Do you have any questions or want further details? Here are 5 related questions to expand your understanding:
- What would the net cost be if the series of discounts were 15/20/30 instead?
- How do trade discounts affect the overall profitability for a business?
- What is the cumulative percentage of discount applied in this case?
- How would the net cost change if only a single discount of 40% was applied instead of the series?
- Can you find a formula to calculate the final price after multiple successive discounts?
Tip: When applying multiple discounts, it's important to apply each one sequentially on the reduced price, not on the original price.
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Math Problem Analysis
Mathematical Concepts
Percentages
Sequential Discounts
Trade Discounts
Formulas
First discount: Discount = List Price × Discount Percentage
Remaining Amount = Previous Amount - Discount
Repeat for each successive discount
Theorems
Percentage-based Discount Calculation
Suitable Grade Level
Grades 10-12
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