Math Problem Statement

A photographer buys some merchandise with a list price of $9,000. If the supplier offers trade discount rates of 20/10/5, find the trade discount (in $). (Find the single equivalent discount first.)

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage Discounts
Successive Discounts
Trade Discount Calculation

Formulas

Final Price after Discount = List Price × (1 - Discount Rate)
Trade Discount = List Price - Final Price

Theorems

Successive Discount Theorem

Suitable Grade Level

Grades 9-12