Question 468567
P15,000.00 after 10% discount is 15,000.00*(100%-10%)/100%=15,000.00*0.9=13,500.00
P13,500.00 after 5% discount is 13,500.00*(100%-5%)/100%=13,500.00*0.95=12,825.00
a. additional trade discount rate that would bring down the price further to P12,440.25
100%-(12,440.25/12,825.00)*100%=3%
b. single equivalent rate of the three discount rates
100%-(12,440.25/15,000.00)*100%=17.065%