Business math

What is the Net price and trade discount of a (Treadmill cost $3000) with a chain discount of 9/4?

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  1. 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 = 3000-2620.80=$379.20

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