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Homework answers / question archive / A wholesaler listed a food additive for $50
A wholesaler listed a food additive for $50.00 per kg. Last winter, he offered 19.00% and 11.00% discounts to a retailer. Round your answer to 2 decimal places.
a) calculate the net price to the retailer
b) Calculate the single equivalent discount rate
1.)
Net price to Retailer = Gross Price * (1 - First Discount) * (1 - Second Discount)
Net price to Retailer = $50 * (1 - 0.19) * (1 - 0.11)
Net price to Retailer = $36.045
2.)
Single Equivalent discount rate = 1 - (1 - First Discount) * (1 - Second Discount)
Single Equivalent discount rate = 1 - (1 - 0.19) * (1 - 0.11)
Single Equivalent discount rate = 27.91%
