Question 1187592: The list price of a product is 6,500 Php and is given a discount series of 5%, 10%, and then 12%. What is the net price?
Found 3 solutions by josgarithmetic, ikleyn, MathTherapy:
Answer by josgarithmetic(39620)   (Show Source):
Answer by ikleyn(52798)  (Show Source):
You can put this solution on YOUR website! .
The price is 6500*0.95 after the 1st discount.
The price is (6500*0.95)*0.9 after the 2nd discount.
The price is ((6500*0.95)*0.9)*0.88 after the 3rd discount.
The net price is 6500*(0.95*0.9*0.88) = 6500*0.7524 = 4890.60. ANSWER
The number 0.7524 is the effective price-reducing factor. It is the value, which YOU WANT to see.
Solved and explained in all details.
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On chain discounts, see the lesson
- Percentage problems on chains of discounts
in this site.
Answer by MathTherapy(10552)  (Show Source):
You can put this solution on YOUR website! The list price of a product is 6,500 Php and is given a discount series of 5%, 10%, and then 12%. What is the net price?
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
Final price paid: 
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