An invoice quotes a price of $620 subject to discount of 30%, 15%, and 5%. What is the selling price price? round off to the nearest cent.
A.$310.00
B.$350.46
C.$434.00
D.$368.90
I need help
Price = $ 620,
Selling price =620*0.70*0.85*0.95 =350.455
To calculate the selling price after applying the discounts, we need to subtract the discounts from the original price.
Let's start by calculating the first discount of 30%.
Step 1: Calculate the discount amount:
Discount amount = Original price * (Discount percentage / 100)
Discount amount = $620 * (30 / 100)
Discount amount = $186.00
Step 2: Subtract the first discount from the original price:
Price after first discount = Original price - Discount amount
Price after first discount = $620 - $186.00
Price after first discount = $434.00
Next, we need to calculate the second discount of 15%:
Step 3: Calculate the discount amount:
Discount amount = Price after first discount * (Discount percentage / 100)
Discount amount = $434.00 * (15 / 100)
Discount amount = $65.10
Step 4: Subtract the second discount from the price after the first discount:
Price after second discount = Price after first discount - Discount amount
Price after second discount = $434.00 - $65.10
Price after second discount = $368.90
Finally, we need to calculate the third discount of 5%:
Step 5: Calculate the discount amount:
Discount amount = Price after second discount * (Discount percentage / 100)
Discount amount = $368.90 * (5 / 100)
Discount amount = $18.45
Step 6: Subtract the third discount from the price after the second discount:
Final selling price = Price after second discount - Discount amount
Final selling price = $368.90 - $18.45
Final selling price = $350.45
Therefore, the selling price, rounded off to the nearest cent, is $350.46.
So, the correct answer is option B: $350.46.