Question

Ryobi Limited sold a set of saws to Ace Hardware. The list price was $3,800. Ryobi offered a chain discount of 8/3/1. What's the net price of the saws?        A. $3,537.21   B. $3,357.21   C. $3,391.12   D. $3,537.12

Answer 1

Answer:  Option 'B' is correct.

Our net price will be $3357.21.

Explanation:

Since we have given that

The list price of set of saws = $3800

There are 3 successive discounts :

8%,3%,1%

So, if we apply first for 8% discount our new price becomes,

$3800\times \frac{100-8}{100}=3800\times 0.92=\ 3496$

Now, if we apply 3% on our deducted price , our new price becomes ,

$3496\times \frac{100-3}{100}=3496\times 0.97=\ 3391.12$

Now, we'll apply for 1% on our new deducted price , our net price becomes,

$3391.12\times \frac{100-1}{100}=3391.12\times 0.99=\ 3357.21$

Hence, our net price will be $3357.21.

Therefore, Option 'B' is correct.