Math Problem Statement
Question content area top Part 1 An appliance has a list price of $21.76 and is offered to wholesalers with a series discount of 30 divided by 20 divided by 20. A retailer is offered the same appliance with a series discount of 30 divided by 20. Find the difference between the wholesalers' price and the retailer's price. Question content area bottom Part 1 The difference between the two prices is $ enter your response here.
Solution
To solve this, let's break down both the wholesalers' and retailers' prices, based on their series discounts.
Wholesalers' Price:
The appliance has a list price of $21.76, and the wholesalers are offered a 30% discount, followed by a 20% discount, and another 20% discount.
-
First discount of 30%:
-
Second discount of 20%:
-
Third discount of 20%:
So, the final price for the wholesaler is $9.74848.
Retailers' Price:
The retailer is offered a 30% discount followed by a 20% discount.
-
First discount of 30%:
-
Second discount of 20%:
So, the final price for the retailer is $12.1856.
Difference Between Prices:
Now, let's find the difference between the wholesaler’s price and the retailer’s price:
Thus, the difference between the wholesalers' price and the retailers' price is $2.44.
If you'd like further clarification or more details, feel free to ask. Here are some related questions you may find helpful:
- How do you calculate the total price after applying multiple percentage discounts?
- What is the formula for finding the final price with a series of percentage discounts?
- How can you calculate the difference in pricing between multiple vendors using different discount structures?
- What is the impact of larger or smaller discount percentages on the final price?
- How can the order of applying discounts affect the final price?
Tip: Always apply discounts sequentially rather than calculating them all at once for series discount problems.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Percentage Discounts
Sequential Discounting
Basic Arithmetic Operations
Formulas
Final Price = List Price × (1 - Discount1) × (1 - Discount2) × ...
Theorems
Sequential discount application
Suitable Grade Level
Grades 9-11
Related Recommendation
Calculate List Price and Equivalent Trade Discount Rate for Printer Discounts
Calculate Net Cost with Series Trade Discount: 18%, 11%, and 19%
Calculate Regular Selling Price and Equivalent Discount Rate
How to Calculate Suggested Retail Price from Cost Price and Trade Discount
Calculate Net Cost After 10/25/35 Series Discount on $597 List Price