Question

The list price of a stove is $278. The chain discount is 20/15. What is the final net price?

Answer 1

SOLUTION

Step 1: Find 20% discount on $278.

$\begin{gathered} \frac{20}{100}\times\text{ \ 278} \\ 0.2\times\text{ \ 278} \\ \text{ \ 55.6} \\ \\ \text{New price = \ 278 - \ 55.6 = \ 222.4} \end{gathered}$

Step 2: Find 15% discount on $222.4

$\begin{gathered} \frac{15}{100}\times\text{ \ 222.4} \\ 0.15\times\text{ \ 222.4} \\ =\text{ \ 33.36} \\ \\ F\text{inal net price = \ 222.4-\ 33.36 = \ 189.04} \end{gathered}$

The final net price is $189.04