The list price of a keyboard is $796. If the trade discount series offered is 5 / 10 / 15, what is the trade discount?

Question

Quizplus · Accepted Answer

The trade discount series is 5 / 10 / 15. This means that the first discount is 5%, the second is 10% off the net price after deducting the first discount, and the third is 15% off the net price after deducting the first and second discounts.

First, we need to calculate the amount of the first discount:
5% of $796 = 0.05 x $796 = $39.80

Next, we need to find the net price after deducting the first discount:
$796 - $39.80 = $756.20

Now, we can apply the second discount:
10% of $756.20 = 0.1 x $756.20 = $75.62

Finally, we can apply the third discount:
15% of $680.58 = 0.15 x $680.58 = $102.36

Therefore, the total trade discount is $39.80 + $75.62 + $102.36 = $217.51.

The best choice is B.

The List Price of a Keyboard Is $796