SOLUTION: A television set that originally cost $2,340 was reduced in price by successive discounts of 20%, 25% and 10%. What was the equivalent single rate of discount?
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Question 1100013: A television set that originally cost $2,340 was reduced in price by successive discounts of 20%, 25% and 10%. What was the equivalent single rate of discount? Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! 2340*.80*.75*.90=1263.60
1263.60/2340=0.54
54% of original price which is a discount of 46%
.80*.75*.90=.54
.46*2340=1076.40
check
2340-1076.40=1263.60
ok
