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?
<pre>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): {{{highlight_green(matrix(1,7, 1 - (.95)(.9)(.88), "=", 1 - .7524, "=", highlight(0.2476), or, highlight("24.76%"))))}}}