Problema Solution
Fantasia Florist Shop purchases an order of imported roses with a list price of $2,375 less trade discounts of 25/15/10 What is the net price factor for trade discounts
Answer provided by our tutors
Fantasia Florist Shop purchases an order of imported roses with a list price of $2,375 less trade discounts of 25/15/10 . What is the dollar amount of the trade discount?
find the net cost equivalent which is (100-25)(100-15)(100-10)/100*100*100
this gives us .57375
now subtract this from 1 to give single discount equivalent
1-0.57375 - 0.42625
which gives us .426 or 42.6%