SOLUTION: The list price of a product is 6,500 Php and is given a discount series of 5%, 10%, and then 12%. What is the net price?

Question 1187592: The list price of a product is 6,500 Php and is given a discount series of 5%, 10%, and then 12%. What is the net price?
Found 3 solutions by josgarithmetic, ikleyn, MathTherapy:
Answer by josgarithmetic(39620)   (Show Source): You can put this solution on YOUR website!

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-----after the three sequential discounts
Answer by ikleyn(52800)   (Show Source): You can put this solution on YOUR website!
.

The price is 6500*0.95 after the 1st discount. The price is (6500*0.95)*0.9 after the 2nd discount. The price is ((6500*0.95)*0.9)*0.88 after the 3rd discount. The net price is 6500*(0.95*0.9*0.88) = 6500*0.7524 = 4890.60. ANSWER The number 0.7524 is the effective price-reducing factor. It is the value, which YOU WANT to see.

Solved and explained in all details.

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On chain discounts, see the lesson
    - Percentage problems on chains of discounts
in this site.

Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!
The list price of a product is 6,500 Php and is given a discount series of 5%, 10%, and then 12%. What is the net price?

5% discount means that the price paid was 1 - 5% = 95%, or .95
Likewise, 10% discount means that the price paid was 1 - 10% = 90%, or .9
And, 12% discount means that the price paid was 1 - 12% = 88%, or .88
Final price paid:
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