A trade discount series of 30%/15%/5% is offered on a product that has a list price of $8,900. What is the net price?
A) $4,450
B) $5,031
C) $6,555
D) $7,221
E) $7,925

Question

Quizplus · Accepted Answer

The net price after a trade discount series of 30%/15%/5% on a product with a list price of $8,900 is calculated by applying each discount consecutively. First, a 30% discount reduces the price to $6,230 ($8,900 - 30% of $8,900). Then, a 15% discount on the new price brings it down to $5,295.50 ($6,230 - 15% of $6,230). Finally, a 5% discount further reduces it to $5,030.73 ($5,295.50 - 5% of $5,295.50), which rounds to $5,031.

A Trade Discount Series of 30%/15%/5% Is Offered on a Product