1 plus the net decimal equivalent rate is equal to the single discount equivalent rate.

Name: 1 plus the net decimal equivalent rate is equal to the single discount equivalent rate.
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

The formula for finding the net decimal equivalent rate is (1 - D1)(1 - D2) ... (1 - Dn), where D1, D2, ..., Dn are the decimal values of individual discounts. Adding 1 to this net decimal equivalent rate does not result in the single discount equivalent rate. Therefore, the statement is false.

1 Plus the Net Decimal Equivalent Rate Is Equal to the Single