An Invoice Shows a Net Price of $176

question 102

Short Answer

An invoice shows a net price of $176.72 after trade discounts of 30%, 10%, and 2% have been deducted.
a) What was the list price of the goods?
b) What single discount would be equivalent to the discount series?

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Definitions:

African-American

An ethnic group in the United States consisting of individuals with African ancestry.

Hispanic

A term used to describe people, cultures, or countries related to the Spanish language, culture, or Spanish-speaking countries.

Chinese-American

Pertains to individuals in the United States who are of Chinese descent, involving their culture, heritage, and community.

Cuban-American

A person of Cuban descent who is a citizen or resident of the United States.