The list price of a keyboard is $788. If the trade discount series offered is 10 / 30 / 20, find the net price by using the net decimal equivalent.

Question

Quizplus · Accepted Answer

The net decimal equivalent is calculated as follows:

1 - 0.10 = 0.90 (first discount of 10%)
0.90 x 1 - 0.30 = 0.63 (second discount of 30%)
0.63 x 1 - 0.20 = 0.504 (third discount of 20%)

The net price is then calculated by multiplying the list price by the net decimal equivalent:

$788 x 0.504 = $397.15

Therefore, the best choice is B.

The List Price of a Keyboard Is $788