A contractor purchases quantities of wire, fittings, and switches listed at $2,150 at successive trade discounts of 15%, 10%, and 3%. Using this chart, determine the net cost.
MULTIPLE DISCOUNT
LIST PRICE - (0.15 x LIST PRICE) = FIRST DISCOUNT PRICE
FIRST DISCOUNT PRICE - (0.10 x FIRST DISCOUNT PRICE) =
SECOND DISCOUNT PRICE - (0.03 x (SECOND DISCOUNT PRICE)= NET COST
