Math

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? Using your answer to the question above, what is the net dollar amount of that rose order? What is the net price factor for trade discounts of 25/15/10? Use the net price factor you found in the previous question to find the net price of a couch listed for $800.

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asked by Missy
  1. The equivalent single discount
    = (.85)(.8)(.8) = .544

    So the dollar amount of the discount
    = 2375(.544) = $1292

    so net amount of order = 2375 - 1292 = $1083

    the net price for the trade discount = .544 (I found this first)

    final price for a $800 couch using the above
    = 800(1 - .544) = $364.80

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    posted by Reiny
  2. Back up a bit,

    I didn't catch the NEW discounts for the last question

    for 25/15/10
    the single discount = .75(.85)(.9) = .57375

    so final price for that $800 couch
    = 800(1 - .57375) = $341.00

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    posted by Reiny

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