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Verizon offers to sell cellular phones listing for $95.24 with a chain discount of 15/10/5. Cellular...

Verizon offers to sell cellular phones listing for $95.24 with a chain discount of 15/10/5. Cellular Company offers to sell its cellular phones that list at $98.49 with a chain discount of 25/5. If Irene is to buy ten phones, how much could she save if she buys from the lower-priced company? (Do not round intermediate calculations. Round all dollar amounts to the nearest hundredth. Round your final answer to the nearest cent.

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Expert Solution

Net Price for Verizon phone = $95.24 * (1-.15)*(1-.10)*(1-.05) = $69.22

Net Price for Cellular phone = $98.49 * (1-.25)*(1-.05) = $70.17

Savings in purchasing one phone = $70.17 – $69.22 = $0.96

So, total savings on 10 phones = $0.96 * 10 = $9.58

jeff jeffy answered 2 years ago
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