SOLUTION: The list price of a product is 6,500.00 Php and is given a discount series of 5%, 10%, and then 12%. What is the single equivalent rate D for this discount series?

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Question 1187591: The list price of a product is 6,500.00 Php and is given a discount series of 5%, 10%, and then 12%. What is the single equivalent rate D for this discount series?
Found 2 solutions by josgarithmetic, MathTherapy:
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
Most of the same or equivalent steps as in https://www.algebra.com/algebra/homework/Finance/Finance.faq.question.1187592.html, but the question here is different.

Original Price, 6500 Php
Discounted Price, 4890.6 Php


The actual discount rate from those three separate discount rates?

D=100%28amountremoved%2Foriginalprice%29

D=100%28%286500-4890.5%29%2F6500%29percentdiscount
.
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Answer by MathTherapy(10555) About Me  (Show Source):
You can put this solution on YOUR website!
The list price of a product is 6,500.00 Php and is given a discount series of 5%, 10%, and then 12%. What is the single equivalent rate D for this discount series?
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

Single/Final discount (D):