SOLUTION: Successive discounts of 12.5% and 5% are allowed on a $1250 table. A) how much is paid for the table? B) what single discount is equivalent to these successive discounts?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Successive discounts of 12.5% and 5% are allowed on a $1250 table. A) how much is paid for the table? B) what single discount is equivalent to these successive discounts?      Log On

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Question 1112326: Successive discounts of 12.5% and 5% are allowed on a $1250 table.
A) how much is paid for the table?
B) what single discount is equivalent to these successive discounts?

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Successive discounts of 12.5% and 5% are allowed on a $1250 table.
A) how much is paid for the table?
1250*0.875*0.95
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B) what single discount is equivalent to these successive discounts?
(100 - 100*0.875*0.95)%