Math Problem Statement
A carpet buyer placed an order for 1993 square yards of carpet at $24.04 per square yard. A quantity discount is offered according to the following schedule. How much should be paid to the vendor for this order?
500 – 1, 000 square yards: 0.75%
1,001 -1,800 square yards: 1.25%
1,801 – 2,500 square yards: 1.75%
2,501 and more 2.00%
Solution
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Math Problem Analysis
Mathematical Concepts
Discount Calculation
Multiplication
Percentage
Formulas
Total price before discount = Quantity ordered × Price per square yard
Discount = Total price before discount × Discount rate
Total price after discount = Total price before discount - Discount
Theorems
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Suitable Grade Level
Grades 9-12