black & decker manufacturing sold a set of saws to true value hardware. the list price was $3,800. black & decker offered a chain discount of 8/3/1. what is the net price of the saws?

Chain discount of 8/3/1 means that B&D will apply first a discount of 8%, then 3% to the net and finally 1% to the new net

When you apply a discount you can multiply by a factor equal to [100 - the discount]/100.

This results in:

Factor for 8% discount = (100 - 8) /100 = 92/100 = 0.92
Factor for 3% discount = 0.97
Factor for 1% discount = 0.99

Net price, 3,800 * 0.92*0.97*0.99 = 3357.21

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andromache andromache · Answer 2 · 2022-04-07T11:17:44+02:00

The net price of the saws when the list price was $3,800 should be considered as the $3,357.21.

Calculation of the net price:

Since

The list price was $3,800. black & decker offered a chain discount of 8/3/1.

Now the net price is

[tex]= 3,800 * 0.92*0.97*0.99[/tex]

= 3357.21

Hence, The net price of the saws when the list price was $3,800 should be considered as the $3,357.21.

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