Posted by **April** on Friday, May 24, 2013 at 10:12pm.

Fantasia Florist Shop purchases an order of imported roses with a list price of $2,375 less trade discounts of 15/20/20. What is the dollar amount of the trade discount?

- Math -
**MathMate**, Saturday, May 25, 2013 at 9:12am
15/20/20 is a successive discount of 15%, followed by 20% on the discounted price, and finally another 20% of the doubly discounted price.

For example, $1000 with a trade discount of 15/20/30 would have a final discounted price of

$1000*(1-0.15)(1-0.20)(1-0.30)=$476

So the trade discount is

$1000-$476=$524.

- Math -
**belinda harris**, Tuesday, November 19, 2013 at 3:08pm
$1,292.00

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