A manufacturer of water heaters that quoted a retail price of $500 with trade discounts of 20 percent and 20 percent would net $320.

Name: A manufacturer of water heaters that quoted a retail price of $500 with trade discounts of 20 percent and 20 percent would net $320.
Brand: Quizplus
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Question

A manufacturer of water heaters that quoted a retail price of $500 with trade discounts of 20 percent and  20 percent would net $320.

Quizplus · Accepted Answer

The net price is calculated by applying the trade discounts sequentially on the retail price. First discount: $500 - ($500 * 20%) = $400. Second discount: $400 - ($400 * 20%) = $320.

A Manufacturer of Water Heaters That Quoted a Retail Price