A flower shop buys roses with a list price of $1,500. If the wholesaler offers trade discounts of $$30 / 21 / 10 \frac { 3 } { 4 }$$ , find the trade discount amount to the nearest penny.

Question

Quizplus · Accepted Answer

The trade discount is calculated by applying each discount in sequence on the list price. First, a 30% discount is applied, reducing the price by $450 (30% of $1500), resulting in a new price of $1050. Then, a 21% discount is applied to the new price, reducing it by $220.50 (21% of $1050), resulting in a new price of $829.50. Finally, a 10.75% discount is applied, reducing the price by $89.17 (10.75% of $829.50), resulting in a final price of $740.33. The total trade discount amount is the original price minus the final price, which is $1500 - $740.33 = $759.67.

A Flower Shop Buys Roses with a List Price of $1,500