A manufacturer of ice skates offered a chain discount of 7/5/1. Bobby's Sport Shop ordered 30 pairs of skates that had a list price of $925. What was the amount of the trade discount?

Question

Quizplus · Accepted Answer

Multiply the complements of the chain discount rates [.93 times .95 times .99] to get the chain discount rate of .874665 and subtract this rate from 1 to get a trade discount rate of .125335. Multiply the list price of $925 by this rate to get the trade discount amount of $115.93.

A Manufacturer of Ice Skates Offered a Chain Discount of 7/5/1