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    crickettnfatboy's Avatar
    crickettnfatboy Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 8, 2013, 03:23 PM
    A Model M3SWE mandolin has a list price of $1,299.90, with a chain discount of 5/3/2.
    What is the trade discount amount?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Mar 8, 2013, 03:32 PM
    What do YOU think ?
    While we're happy to HELP we won't do all the work for you.
    Show us what you have done and where you are having problems..
    crickettnfatboy's Avatar
    crickettnfatboy Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Mar 8, 2013, 03:45 PM
    I've came up with the net price using the chain discount. But I'm gettting confused on how to calculate the trade discount amount.

    This is what I came up with the Net Price
    $1,299.90 * .05 = $65.00
    $1,299.90 - $65.00 = $1,234.91
    $1,234.91 * .03 = $37.05
    $1,234.91 - $37.05 = $1,197.86
    $1.197.86 * .02 = $23.96
    $1,197.86 - $23.96 = $1,173.90
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