I sold a set of saws. The list price was $3,800. I was offered a chain discount of 8/3/1. What’s the net price of the saws

To calculate the net price of the saws after a chain discount of 8/3/1 on the list price of $3,800, we can follow these steps:

1. **First discount (8%)**:
   - 8% of $3,800 = $ 3,800 \times 0.08 = 304 $
   - Subtract the discount: $ 3,800 - 304 = 3,496 $

2. **Second discount (3%)**:
   - 3% of $3,496 = $ 3,496 \times 0.03 = 104.88 $
   - Subtract the discount: $ 3,496 - 104.88 = 3,391.12 $

3. **Third discount (1%)**:
   - 1% of $3,391.12 = $ 3,391.12 \times 0.01 = 33.91 $
   - Subtract the discount: $ 3,391.12 - 33.91 = 3,357.21 $

So, the net price of the saws after applying the chain discount is **$3,357.21**.

Would you like more details or have any questions?

Here are 5 related questions for deeper understanding:
1. What is a chain discount, and how does it differ from a single discount?
2. How would the net price change if the chain discount was in reverse order, like 1/3/8?
3. Can chain discounts be expressed as a single equivalent percentage discount?
4. How does applying multiple discounts affect the total percentage saved?
5. What types of businesses commonly use chain discounts?

**Tip:** Always apply each discount to the new price after the previous discount, not the original price.

I sold a set of saws. The list price was $3,800. I was offered a chain discount of 8/3/1. What’s the net price of the saws?

Discover how to calculate the net price of a $3,800 set of saws after applying a chain discount of 8%, 3%, and 1%. Learn the process of successive discounts and use key percentage concepts. Suitable for high school students.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation