Problema Solution
Fantasia Florist Shop purchases an order of imported roses with a list price of $2,375 less trade discounts of 15/20/20. What is the dollar amount of the trade discount?
Answer provided by our tutors
Equivalent single discount:
d = 1- [(1-d1) (1-d2) (1-d3)]
d = 1 - (0.85*0.8*0.8)
d=0 .456
Trade discount amount is $2,375*0.456 = $1,083