Posted by Sandra on Wednesday, January 24, 2007 at 7:36pm.
What is the Net price and trade discount of a (Treadmill cost $3000) with a chain discount of 9/4?

Business math  lela, Sunday, September 18, 2011 at 8:40am
List Price. $3,000
Chain Discount. 9/4
To find the Net Price, we'll first need to find the complement of each discount by subtracting each one from 100%.
100%9%=91%
100%4%=96%
0.91*0.96=0.8736
Net Price=3,000*0.8736
Net Price = $2,620.80
Total Discount = 30002620.80=$379.20
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