SOLUTION: Given a chain discount of 15/12 what will the single equivalent discount rate be?
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Question 1129157: Given a chain discount of 15/12 what will the single equivalent discount rate be?
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Given a chain discount of what will the single equivalent discount rate be?
means a customer might be offered % off the list price of a particular product and then a further % for purchasing in volume
Single equivalent discount = Chain Discounts / List Price
In general the single equivalent rate can be calculated using the SED formula which can be stated as follows:
% * %
-> the single equivalent discount rate (%)
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