A discount clothing store buys shirts and slacks with a list price of $12,750. If the wholesaler offers trade discounts of 15/25/15, find the single equivalent discount.

Question

Quizplus · Accepted Answer

The single equivalent discount can be found by subtracting the product of the individual discounts from 1. The individual discounts are 15%, 25%, and 15%. First, convert these percentages to decimals: 0.15, 0.25, and 0.15. Then, calculate the product of their complements: (1 - 0.15) * (1 - 0.25) * (1 - 0.15) = 0.85 * 0.75 * 0.85 = 0.541875. The single equivalent discount is 1 - 0.541875 = 0.458125.

A Discount Clothing Store Buys Shirts and Slacks with a List