Use the table to find the net price of an item that lists for $480 with a series discount of 10%, 10%, 5%.
A) $346.28
B) $369.36
C) $235.80
D) $110.64

Question

Use the table to find the net price of an item that lists for $480 with a series discount of 10%, 10%, 5%. 
A) $346.28 
B) $369.36 
C) $235.80 
D) $110.64

Quizplus · Accepted Answer

The net price can be found by multiplying the listed price with the complement of each of the discounts, i.e., (1-0.10) x (1-0.10) x (1-0.05) = 0.7845. Then, we multiply the result with the listed price to get the net price: 0.7845 x $480 = $376.56. The closest option is B, which is $369.36.

Use the Table to Find the Net Price of an Item