Question

A chain discount of 20//15//10 is offered instead of the single discount. What w

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asked 2021-09-06
A chain discount of 20//15//10 is offered instead of the single discount. What would the net price equivalent be?

Expert Answers (1)

2021-09-07
Suppose, the initial price is x
First dicount:
(1-0.2)x=0.8x
Second discount:
(1-0.15)(0.8x)=0.68x
Third discount:
(1-0.1)(0.68x)=0.612x
So, equivalant net price is 0.612x=61.2%x
Total discount is 1x-0.612x=0.388x=38.8%x
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