have 100 toys for $250.00 with trade discount series of 7/10/3 what is net discount price using net decimal equivelent
net discount price
= (.93)(.9)(.97)(250) = 202.97
or
equivalent discount
= 1 - .93(.9)(.97)
= .18811 or 18.811%
net discount price = 250 - .18811(250) = 202.97
To find the net discount price using the net decimal equivalent, we need to calculate the net discount amount first.
The trade discount series of 7/10/3 means that there are three stages of discount applied successively.
Step 1: Calculate the first discount stage (7% discount).
To find the first discount, multiply the original price by the decimal equivalent of 7% (0.07).
Discount Stage 1 = $250.00 * 0.07 = $17.50
Step 2: Calculate the second discount stage (10% discount) based on the discounted price from Step 1.
To find the second discount, subtract the first discount from the original price and multiply by the decimal equivalent of 10% (0.10).
Discount Stage 2 = ($250.00 - $17.50) * 0.10 = $23.25
Step 3: Calculate the third discount stage (3% discount) based on the discounted price from Step 2.
To find the third discount, subtract the sum of the previous discounts from the original price and multiply by the decimal equivalent of 3% (0.03).
Discount Stage 3 = ($250.00 - $17.50 - $23.25) * 0.03 = $6.38
Now add up the three discount stages to find the total net discount amount:
Total Net Discount = $17.50 + $23.25 + $6.38 = $47.13
Finally, subtract the total net discount from the original price to find the net discount price:
Net Discount Price = $250.00 - $47.13 = $202.87
Therefore, the net discount price using the net decimal equivalent is $202.87 for 100 toys priced at $250.00 with the trade discount series of 7/10/3.