Problema Solution
Kiddie Kites buys Japanese kite kits with a list price of $6,500. If the supplier offers trade discounts of 30/15/15, find the trade discount amount to the nearest cent.
Answer provided by our tutors
$6,500*(1 - 0.30)*(1 - 0.15)*(1 - 0.15) = $3,287.38
The trade discount is:
$6,500 - $3,287.38 = $3,212.62