SOLUTION: Mac's wholesale buys from a distributor which allows discounts of 25%, 20%, 5%.
A. What single discount ( called the single equivalent discount) would be equivalent to the above
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-> SOLUTION: Mac's wholesale buys from a distributor which allows discounts of 25%, 20%, 5%.
A. What single discount ( called the single equivalent discount) would be equivalent to the above
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Question 1165458: Mac's wholesale buys from a distributor which allows discounts of 25%, 20%, 5%.
A. What single discount ( called the single equivalent discount) would be equivalent to the above discounts?
B. Compare the above discounts to discounts of 30%, 20%. Answer by ikleyn(52776) (Show Source):
(a) (1-0.25)*(1-0.20)*(1-0.05) = 0.75*0.7*0.95 = 0.49875 = 1 - 0.50125.
An equivalent single discount is 50.125%.
(b) Two consecutive discounts of 30% and 20% make the equivalent discount
(1-0.3)*(1-0.2) = 0.7*0.8 = 0.56 = 1 - 0.44
of 44%.
So, three consecutive discounts of (a) are "better" than two consecutive discounts of (b).
