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    Kandyw's Avatar
    Kandyw Posts: 1, Reputation: 1
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    #1

    Jun 9, 2012, 04:33 PM
    Chain discounts for 5/3/2 with price of 1299.90?
    A Model M3SWE mandolin has a list price of $1,299.90, with a chain discount of 5/3/2. (a) What would be the trade discount amount? (b) What would be the net price?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 10, 2012, 01:35 AM
    Quote Originally Posted by Kandyw View Post
    A Model M3SWE mandolin has a list price of $1,299.90, with a chain discount of 5/3/2. (a) What would be the trade discount amount? (b) What would be the net price?
    too little information are we playing football?

    My research found this

    Chain Discounts

    Chain discount is the term used when more than one discount is given. Thus, when two or more discounts are given, the second discount is taken off what remains after the amount of the first discount has been deducted from the list price. The same process is continued in cases where three or more discounts are allowed.

    Example:


    $400 x 1/5 = $80
    - 80

    $320 x 1/10 = $32
    - 32

    $288 x 1/20 = $14.40
    - 14.40

    $273.60 net price - Answer
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