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Hillier Hillier
wrote...
Posts: 550
Rep: 5 0
6 years ago
A lathe is listed for $477.00 less 19 %, 9%, 7.7%.
a) What is the net price?
b) How much is the amount of discount allowed?
c) What is the equivalent single rate of discount that was allowed?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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Replies
wrote...
6 years ago
a) N = 477(0.8033333)(0.91)(0.923) = $321.85
b) Discount = 477 - 321.85 = $155.15
c) Single rate =   = 32.526%
Hillier Author
wrote...
6 years ago
Correct, thank you
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