In: Finance
Calculate the Net Price based on the information given below. (Round answer to 2 decimal places.)
Item | List Price | Chain Discount | Net Price |
Sofa | $1,250 | 10/5/5/4 | $??? |
Particulars | Amount |
List price | 1,250.00 |
Less: first dicount @10% | (125.00) |
Price after first discount | 1,125.00 |
Less: second dicount @5% | (56.25) |
Price after second discount | 1,068.75 |
Less: third dicount @5% | (53.44) |
Price after third discount | 1,015.31 |
Less: fourth dicount @4% | (40.61) |
Net price | 974.70 |
Answer is $974.70
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